Can Body20 or its affiliates derive revenue from franchisee purchases?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
Print Franchisee's Name (if an Entity)
ITEM 23 RECEIPT
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If BODY20 Franchisor LLC ("Franchisor") offers you a franchise, it must provide this disclosure document to you 14 days before you sign a binding agreement with, or make a payment to, Franchisor or one of its affiliates in connection with the proposed franchise sale. Iowa requires that we provide you with this Disclosure Document at the earlier of the first personal meeting or 14 calendar days before you sign a binding agreement with, or make payment to, us or one of our affiliates in connection with the proposed sale. New York requires that Franchisor provide you with this Disclosure Document at the earlier of the first personal meeting or 10 business days before you sign a binding agreement with, or make payment to, Franchisor or one of its affiliates in connection with the proposed sale. Michigan requires that Franchisor provide you with this Disclosure Document 10 business days before you sign a binding agreement with, or make payment to, Franchisor or one of its affiliates in connection with the proposed sale.
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
Based on the 2025 Body20 Franchise Disclosure Document, Item 23 is a receipt. The document states that if Body20 Franchisor LLC offers a franchise, it must provide the disclosure document to the franchisee 14 days before signing a binding agreement or making a payment to Body20 or one of its affiliates. Iowa, New York and Michigan have similar requirements. This disclosure document summarizes certain provisions of the franchise agreement and other information in plain language, and franchisees are instructed to read it and all agreements carefully.
This receipt also includes a section where the prospective franchisee acknowledges whether any statements or promises made by Body20 employees or those purporting to speak on their behalf regarding advertising, marketing, training, support, or assistance were contrary to or different from the information contained in the FDD. The franchisee is asked to consider any financial performance information about Body20 franchises, and whether they contacted any existing franchisees about their financial performance.
Appendix A to the Franchise Agreement covers Franchisee-Specific Terms. Appendix C is the Payment and Performance Guarantee. The Payment and Performance Guarantee ensures that the franchisee will meet their financial and performance obligations to Body20 and its affiliates. This guarantee is a standard practice in franchising, providing the franchisor with added security that the franchisee will fulfill their contractual obligations. The guarantor(s) agree to cover all obligations, indebtedness, and liabilities of the franchisee to the franchisor, whether direct or indirect, absolute or contingent.