Included in the Franchise Disclosure Document (FDD), it is the last page that you sign and return. It provides proof of the date that you received the FDD.

An annual fee paid by the franchisee to the franchisor for corporate advertising expenditures.

An individual who can act on the behalf of another. An individual who acts on the behalf of a corporation and can legally bind the corporation.

An Area Development Rights Agreement grants a franchisee the ability to develop one or more franchises within a certain territory or multiple territories during a designated time period.

Owning multiple franchises can generate higher revenues than a single franchise plus it can allow for reductions in cost. Sharing resources including employees between multiple franchises can allow for more operational efficiencies.

A Business Plan for franchises is a report explaining the current state of the franchise and the strategy for growth over the next five or more years. The business plan identifies the business goals and the predicted steps needed to accomplish the goals. This includes staffing, marketing, sales, and competitive assessment.

Comfort Keepers provides expert resources and templates to help guide franchisees build a comprehensive and realistic business plan.

Franchises that are owned by the franchisor and not a franchisee are called Corporate-owned Locations.

Comfort Keepers has both franchisee owned and corporate-owned locations.

A business franchise is defined by the structure of its ownership. Franchising occurs when the owner of a business grants a license to one or more parties for the purpose of conducting business using the same trademarks, trade names, trade dress, and other identifying aspects of the business.

A franchise agreement is a legally binding document that outlines a franchisor's terms and conditions for a franchisee. It includes information about territorial rights of the franchisee, location requirements, training schedule, fees, general obligations of the franchisee, general obligations of the franchisor, etc.

The Franchise Disclosure Document is a crucial and required legal document presented to prospective franchisees from the franchisor. This document contains specific details about the franchisor and the whole franchise system as part of the disclosure process. It includes information about all of the fees, restrictions, restrictions, obligations, and contracts that a prospective franchisee needs to make an informed decision before purchasing a franchise.

Franchise Fee is an upfront payment by a franchisee to the parent organization for a license to operate a franchise or multiple franchises for a designated period of time. The Franchise Fee for a Comfort Keepers franchise is $55,000. Veterans are eligible for a 10% discount off the Initial Franchise Fee. For more information about franchising costs please visit the Comfort Keepers Franchise FAQ page and the Investment section.

The term franchising refers to a business relationship between entities. One organization, the franchisor, grants the rights to another person or organization, the franchisee, to use its brand, trademarks, and intellectual property to sell products and services.

Usually includes the franchise fee and the total investment amount including working capital required to commence operating a franchise. For more information about Initial Investment, please visit the Comfort Keepers Franchise FAQ page and the Investment section.

A Metropolitan Statistical Area is a region that includes a city and its surrounding counties and communities. The surrounding areas contain similar social and economic factors. Comfort Keepers franchises have protected territories based on zip codes which include MSA's. For more information regarding available MSA's please visit the Comfort Keepers Franchise Available Territories section.

A minority owned business must be certified as such and can receive certain advantages in government contracts from that certification. Ownership by minority individuals means the business is at least 51% owned by such individuals or, in the case of a publicly owned business, at least 51% of the stock is owned by one or more such individuals (i.e. the management and daily operations are controlled by those minority group members.). Minority group members are United States citizens who are Asian-Indian, Asian-Pacific, Black, Hispanic and Native American.

Net worth is the total wealth of an individual, company, or household, taking account of all financial assets and liabilities. To calculate your net worth start with what you own: cash, retirement accounts, investment accounts, cars, real estate and anything else that you could sell for cash. Then subtract what you owe: credit card debt, student loans, mortgages, auto loans and anything else you owe money on.

A Non-compete Agreement is a clause in a contract that prevents one party from competing with another party for a specific amount of time. In the context of franchising a non-compete clause prohibits the franchisee from joining a competitor in the same industry or starting a new business that competes with the franchisor within a designated area for a specified period of time.