We were incorporated in California on July 15, 2002, under the name “INEX Corporation.” On March 20, 2003, we changed our name to “iNX Building Maintenance Solutions, Inc.” We conduct business under the trade name “iNX Building Maintenance Solutions.” We have no parent company and no affiliates that offer franchises in any line of business or provide products or services to our franchisees Our principal business address is 2530 Corporate Place, Suite A100, Monterey Park, California 91754. The name and address of our agent for service of process in this state are stated in Exhibit A-2 to this Disclosure Document
Under the franchise agreement, you will operate a janitorial service business which we sometimes described in this Disclosure Document as the “Service.” We expect, in the future, to offer the right to provide a facilities management service, such as light plumbing, carpentry and electrical maintenance, under a supplemental or alternative agreement. The market for janitorial services consists of customers of all sizes. Your principal competitors will be local, regional and national janitorial and building maintenance service providers, including other franchisors such as American Building Maintenance, Jani-King and Coverall
Under the franchise agreement, you will operate a janitorial service business which we sometimes described in this Disclosure Document as the “Service.” We expect, in the future, to offer the right to provide a facilities management service, such as light plumbing, carpentry and electrical maintenance, under a supplemental or alternative agreement. The market for janitorial services consists of customers of all sizes. Your principal competitors will be local, regional and national janitorial and building maintenance service providers, including other franchisors such as American Building Maintenance, Jani-King and Coverall.
When you sign the franchise agreement, you must pay us an initial franchise fee of $1,995
As we disclose in Item 6, we offer to finance some or all of the Marketing Fee that you will pay us for our services in locating Accounts for you. Financing terms permit repayment of the principal balance over a term of up to 36 months at 10% interest per year. The loan will be memorialized by a promissory note in the form of Exhibit C-2 to the Disclosure Document.
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 if the information is included in the Disclosure Document. Financial performance information that differs from that 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 this Item 19, for example, by providing information about possible performance at a particular location or under particular circumstances.