Type of Business
This is an offering to sell some Common shares of Do it Best Corp. to a member, under a contract which includes some limited rights to use the “Do it Best” trademark, to purchase merchandise through the Company, to receive annual rebates (patronage refunds) on those purchases and to participate in and benefit from the Company’s advertising campaigns, all as more fully described within. The Company is a wholesale distributor of hardware, lumber and building materials with customers throughout the United States and numerous foreign jurisdictions.
Corporate Information
Do it Best Corp. was incorporated under the laws of the State of Indiana on July 13, It began active business operations on December 26, 1945. Their principal business address is 1626 Broadway Suite 100, Fort Wayne, Indiana 46802-4377.
Investment
The franchisor anticipates that most Members will already be engaged in the retail hardware, home center, lumber and building material business and will have a minimal initial investment other than $8,500 paid to the Company. If a Member opens a new retail hardware, home center or lumber and building materials business, the total initial investment to begin operation of the business may range from $564,500 to $1,342,500. This includes $8,500 that must be paid to the Company. $1,000 of the $8,500 fee is used for the purchase of 20 shares of the Company’s Common shares, and the entry into the Membership Agreement.
