What is the definition of 'Outlet' in the Deer Solution FDD?

According to Deer Solution's 2025 Franchise Disclosure Document, an 'Outlet' refers to a Deer Solution business that is either a Company Owned Outlet or a Franchise Outlet, depending on the context. This definition is important for understanding the financial performance representations in Item 19 of the FDD, as financial data may be presented for both Company Owned Outlets and Franchise Outlets.

A 'Company Owned Outlet' is defined as an outlet owned directly or indirectly by Deer Solution, its affiliates, or any person identified in Item 2 of the FDD. This definition also includes any outlet operated as a joint venture partly owned or managed by Deer Solution, its affiliates, or any person identified in Item 2. A 'Franchise Outlet' refers to a Deer Solution business operated under a Franchise Agreement that is not a Company Owned Outlet.

Understanding the distinction between these types of outlets is crucial for prospective franchisees. The FDD may present financial data separately for Company Owned Outlets and Franchise Outlets, allowing potential franchisees to assess the performance of each type of business. This information can help franchisees understand the potential financial outcomes of operating a Deer Solution franchise and compare it to the performance of company-operated locations.