When was the final payment due for the 2021 reversion and reacquisition agreement for Expense Reduction Analysts?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
reversion and reacquisition agreement for a total of $201,897. Beginning on January 5, 2025, the Company will pay the purchase price in 36 equal, consecutive monthly installments of $2,804 each at 0% interest, with the final payment due December 5, 2027.
During 2021, the Company entered into a reversion and reacquisition agreement for a total of $300,000.
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the company entered into a reversion and reacquisition agreement in 2021 for a total of $300,000. The payments began on March 1, 2021.
The agreement stipulated that Expense Reduction Analysts would pay the purchase price in four equal, consecutive annual installments of $75,000 each.
Based on the payment schedule outlined in the FDD, the final payment for this agreement was due on February 1, 2024. The FDD also notes that this particular note was paid in full during the year ended December 31, 2024.