FLSC Recycling, LLC is a Florida limited liability company that was formed in December 2014 Our principal business address is 3911 SW 47th Avenue, Suite 903, Davie, Florida 33314, and our telephone number is 844 FLL BINS Our agent for service of process in the states whose franchise laws require us to name a state agency as agent for service is disclosed in Exhibit A to this disclosure document.
We do not have any parents or predecessors.
We offer and sell franchises for Clothes Bin businesses We grant you the right to operate a Clothes Bin business (the “Franchised Business”) under the terms of the Franchise Agreement (“Franchise Agreement") attached to this disclosure document as Exhibit B We have not offered franchises in any other line of business Nor are we engaged in other business activities We started offering franchises in January 2015. We do not presently own or operate Clothes Bin businesses, but we may choose to do so in the future However, our affiliate, FLSC, LLC, owns and operates a clothes bin collection business similar to the franchise offered in this disclosure document in Florida FLSC, LLC is a Florida limited liability company with the same principal business address as us, and has been in operation since October 2007 FLSC, LLC has never offered franchises in this or any other line of business.
Initial Franchise Fee We charge an Initial Franchise Fee of $40,000 for each Franchised Business You must pay the Initial Franchise Fee in full when you sign the Franchise Agreement The Initial Franchise Fee IS not refundable once paid. If you are an active or retired police officer, fire fighter or first responder, or are in the military or a military veteran, we will charge you a discounted Initial Franchise Fee of $35,000 for your first Franchised Business, which is not refundable once paid. If you purchase multiple Franchised Businesses at the same time, we will charge you a discounted Initial Franchise Fee of $20,000 for the second Franchised Business, and $10,000 for the third and each additional Franchised Business, which is not refundable once paid This discounted Initial Franchise Fee is only available if you purchase more than one Franchised Business at the same time and may only be applied to the additional Franchised Businesses you purchase. The Initial Franchise Fee is typically uniform However, in the beginning of last year, our Initial Franchise Fee was $35,000 for the purchase of one Franchised Business and $28,000 for each additional Franchised Business purchased at the same time The Initial Franchise Fees paid to us last year varied from $28,000 to $39,500.
We do not offer direct or indirect financing We do not guarantee your notes, leases or any of your obligations.
The FTC's Franchise Rule permits a Franchisor to provide information about the actual or potential financial performance of its franchised and/or franchisor-owned outlets, if there is a reasonable basis for the information and the information is included in the disclosure document Financial performance information that differs from the information included in Item 19 may be given only if (1) a Franchisor provides the actual records of an existing outlet you are considering buying, or (2) a Franchisor supplements the information provided in Item 19, for example, by providing information about possible performance at a particular location or under particular circumstances Time Period Measured These figures are derived from 2 of our franchisees' unaudited financial statements for the 12-month period from January 1, 2018 through December 31, 2018 These figures are also derived from our affiliate FLSC, LLC's unaudited financial statements for its bin collection business operations for the 12-month period from January 1, 2018 through December 31, 2018.