When is the final payment due for the 2024 reversion and reacquisition agreement for Expense Reduction Analysts?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
NOTE 5 INTANGIBLE ASSETS (CONTINUED)
The franchise and insurance license rights are tested for impairment at least annually or whenever events or changes in circumstances indicate the carrying value may not be fully recoverable.
NOTE 6 NOTES PAYABLE
During 2024, the Company entered into
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 2024 for a total of $201,897. The purchase price will be paid in 36 equal, consecutive monthly installments of $2,804 each, with 0% interest.
The first payment was due on January 5, 2025, and subsequent payments are due monthly. This payment structure provides a fixed and predictable expense for Expense Reduction Analysts over the three-year repayment period.
Therefore, the final payment for the 2024 reversion and reacquisition agreement is due on December 5, 2027. This information is relevant for prospective franchisees as it provides insight into the company's financial obligations and how they manage their debt.