What charges are included in the weekly recurring payments to Alloy Personal Training, LLC?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
| (full name) | I authorize Alloy Personal Training, LLC. to charge my bank |
|---|---|
| technology fee. | account indicated below weekly on Wednesdays for royalties, brand development fund and the |
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, the weekly recurring payments that Alloy Personal Training, LLC charges to the franchisee's bank account include royalties, brand development fund fees, and a technology fee. These charges are automatically deducted weekly on Wednesdays.
This recurring payment authorization simplifies the payment process for franchisees by automatically deducting the specified fees, ensuring timely payments and potentially avoiding late charges. Franchisees authorize Alloy to charge their designated bank account weekly for these fees.
It is important for prospective franchisees to understand the amounts and percentages associated with each of these fees (royalties, brand development fund, and technology fee) to accurately forecast their weekly expenses. Further details regarding the calculation and specific amounts of these fees would likely be outlined elsewhere in the Franchise Disclosure Document or the Franchise Agreement.