How are Floors To Go franchisees notified of any deductions from the CashBack terms?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
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. You agree and acknowledge that we have no fiduciary duties with regard to the operation or administration of the FTG CashBack Program.
In the event you become the subject of a voluntary or involuntary case or proceeding commenced under Title 11 of the United States Code (the "Bankruptcy Code"), you hereby consent to relief from the automatic stay imposed by 11 U.S.C. § 362(a) so we may exercise our right to set-off any funds due and owing to you under the FTG CashBack Program.
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, franchisees will receive regular notifications regarding the FTG CashBack program. These notifications will detail the qualifying CashBack terms and any deductions made from those terms.
The FTG CashBack program involves cash rebates paid by suppliers to Floors To Go on behalf of the franchisee, based on a percentage (up to 8%) of the purchase price of selected items. Floors To Go holds these funds without interest and distributes them to the franchisee annually or semi-annually, after verifying the amounts received and deducting any amounts the franchisee owes to Floors To Go.
Floors To Go's responsibility is limited to properly distributing the funds paid into the CashBack program by participating manufacturers. Floors To Go is not responsible if a manufacturer changes or discontinues its rebate program, or fails to pay the rebate. The franchisee acknowledges that Floors To Go has no fiduciary duties regarding the CashBack program's operation.
In the event a franchisee files for bankruptcy, they consent to relief from the automatic stay, allowing Floors To Go to exercise its right to set off any funds due to the franchisee under the FTG CashBack Program.