factual

Does Deck Medic currently have any local or regional advertising cooperatives established?

Deck_Medic Franchise · 2024 FDD

Answer from 2024 FDD Document

As of the Issuance Date of this Disclosure Document we have not established any local or regional advertising cooperatives but reserve the right to do so in the future; and

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 24–29)

What This Means (2024 FDD)

According to Deck Medic's 2024 Franchise Disclosure Document, as of the issuance date of the document, Deck Medic has not established any local or regional advertising cooperatives. However, Deck Medic retains the right to establish these cooperatives in the future.

If Deck Medic establishes a cooperative in a market that includes a franchisee's Deck Medic Business, the franchisee must contribute to the cooperative. The amounts and frequency of these contributions will be determined by the cooperative members. These members will also be responsible for administering the cooperative, including determining contribution amounts, marketing expenditures, and allocations.

Deck Medic may require that cooperative decisions be based on a simple majority vote of franchisee members, with one vote per Deck Medic Business. A quorum of at least 25% of the designated franchisee cooperative members may also be required. If a cooperative exceeds nine franchisee members, Deck Medic may require the establishment of formal governing documents. Each cooperative must prepare annual unaudited financial statements for review by its members. Franchisees will not be required to contribute more than 5% of their monthly Gross Sales to a local or regional advertising cooperative.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.