What is the duration of the CashBack Participation program for Floors To Go franchisees?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
t we may make so that the operation of your Showroom shall in no way damage our reputation or the reputation of other members.
- 7.2. FTG CashBack Program. You will have the right to participate in the FTG CashBack Program. This program consists of various floor covering and window treatment manufacturers offering CashBack incentives for the purchase of selected floor coverings and window treatments, specifically marked as CashBack eligible. By purchasing such selected items, you will receive a cash rebate based upon a percentage of the purchase price of the
selected items purchased. These percentages range up to 8% of the purchase price of the selected items. All cash rebates will be paid by the suppliers to us on your behalf. You agree that you will have only one account number with each supplier. We will hold such funds, without liability for interest, and after verification of amounts received, and after setting off any amounts owed to us by you hereunder, will distribute such funds to you, annually or semi-annually. You will be notified on a regular basis of qualifying CashBack terms and any deduction therefrom.
Our goal is to obtain the best possible rebate terms from manufacturers for the FTG CashBack Program. However, our sole responsibility under the FTG CashBack Program is to properly distribute to you and our other members the funds paid into the FTG CashBack Program by participating manufacturers. We are not responsible if a manufacturer changes the terms of its rebate, discontinues its rebate, or fails to pay your rebate.
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
The 2025 Floors To Go Franchise Disclosure Document does not explicitly state the duration or term length of the FTG CashBack Program. However, it does state that as a franchisee, you "will have the right to participate in the FTG CashBack Program".
The FTG CashBack Program involves various floor covering and window treatment manufacturers offering incentives for franchisees to purchase specifically marked, eligible products. By purchasing these items, franchisees receive a cash rebate based on a percentage (up to 8%) of the purchase price.
The rebates are paid by the suppliers to Floors To Go on behalf of the franchisee. Floors To Go holds these funds without interest and distributes them to franchisees annually or semi-annually, after verifying the amounts and deducting any amounts owed to Floors To Go by the franchisee. Floors To Go notifies franchisees regularly about qualifying CashBack terms and any deductions.
While the FDD does not specify the program's duration, it's important to note that Floors To Go aims to secure the best possible rebate terms from manufacturers. However, Floors To Go is not responsible if a manufacturer changes or discontinues its rebate program or fails to pay the rebate. Prospective franchisees should inquire with Floors To Go about the typical term and renewal process of the CashBack program agreements with manufacturers to fully understand the potential benefits and risks.