GDC is a Florida Corporation incorporated on,April 20, 2013. Our principal business address is 2431 First Street, Fort Myers, Florida 33901. We conduct business under our corporate name, under the trade names and service marks “GECKO HOSPITALITY®”, and “GECKO EXECUTIVE HOSPITALITY®”, URLs, domain names, website addresses, eniail addresses, digital cellular addresses, wireless web addresses and the like (“e-names”) and associated logos, designs, symbols and trade dress. GDC franchises businesses to provide' management recruiting for the restaurant industry under the trade name and service mark “GECKO HOSPITALITY®”. GDC also franchises businesses to provide management recruiting for the hospitality industry under the trade name and service mark “GECKO EXECUTIVE HOSPITALITY ®”.
Our predecessor. Gecko Development Corporation, was formed in Illinois on May 9,2003, to grant businesses the right to provide management recruiting for the restaurant industry under the trade name and service mark “GECKO HOSPITALITY®”- In June 2013 substantially all of the assets Of Gecko Development Corporation merged into us as part, of our relocation plan to move our principal place of business to Fort Myers, Florida. GDC's agent for service is. disclosed in Exhibit E. GDC is owned by its principal officers. GDC does: not have a parent. GDC's affiliate Gecko Hospitality, LLC, an Illinois limited liability company, was formed on August 1, 2000 .and began operating the first GECKO HOSPITALITY® business. In 2010, Gecko Hospitality, LLC sold its three company Owned businesses in Delaware, Utah and West Virginia, each of which was converted into a GDC franchise. In June 2013 substantially all of the assets of Gecko Hospitality, LLC were merged into Gecko Hospitality, Inc,, a Florida corporation formed on April 30, 2013. Gecko Hospitality, Inc.'s principal business address is 2431 First Street, Fort Myers, Florida 33901.
If you purchase one brand of our franchise offerings and wish to perform services offered by any of pur other current and future franchise offerings, you must purchase the associated franchise. For example, a GECKO HOSPITALITY Franchisee desiring to add hospitality managerrieht recruiting services must purchase a GECKO EXECUTIVE HOSPITALITY® Franchise in order to offer this service and vice versa. We may also offer to certain qualified people the right to develop multiple GECKO HOSPITALITY® franchises under an Area Development Agreement, as defined under the NASAA Multi-Unit Commentary, (referred to throughout this document as “Multiple Unit Developnient Agreement” or “Development Agreement”). If you and the area in which you are interested, meet certain qualifications, you can be licensed and be obligated to the rights to develop multiple GECKO HOSPITALITY franchises under an Multiple Unit Development Agreement (Exhibit I) in.accordance with an agreed upon Development Schedule, The Franchise Agreement for the first franchise developed under the Development Agreement will be in the form attached as Exhibit B to this Disclosure Document and must be signed at the same time you Sign the Development Agreement. For each additional franchise developed under the Development Agreement, you must sign the then current form' of franchise agreement that we are then offering to nevv franchisees which may be different from the form of franchise agreement in this offering, but the franchise fee and royalty fee you pay will be the same as the first Franchise Agreement;
The Franchise Agreement for ,the first franchise developed under the Development Agreement must be signed at the same time ybu sign the Development Agreement. For each additional franchise developed under the Development Agreerneht, you must pay us a Development Fee qual to $10,000 at thertime you sign the Development Agreement. We will credit each development fee against the initial franchise fees for each subsequent franchise (not to exceed a credit of $10,000 for any single franchise), except for the Initial Franchise Fee for your first Franchise Agreement, which must be prepaid in full when you sign your Deyelppment Agreement. The Development Fee is not refundable.
We do not offer direct or indirect financing. We do not guarantee your note, lease, or obligation.
The FTC Franchise Rule permits a franchisor to provide information about the actual or potential financial performance of its franchised and/or franchisor-ovvned outlets. If there is a reasonable basis for the information and the information is included in the disclosure document. Financial performance Ihforrriation that differs from tha:t included in Item 19 may be given only if- (1) a franchisor providesihe actual records of an existing outlet that you are considering buying; or (2) a franchisor supplements the information provided in this Item 19, for exarnple, by providing information about possible performance at a particular location or under particular circumstances. We do not make any representations about a franchisee's future performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representativeslo make any such representations either orally or inwriting. ITyou are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial peiformance information or projections of your future income you; should report it to the franchisor management by contacting Robert Krzak, Gecko Development Corporation, 2431 First Street, Fort Myers, Florida 33901, Telephone; l- 239-690-7000, the Federal Trade Commission, the appropriate state regulatory agencies.