How much advance notice will Body20 provide before changing the Technology Fee?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
ffers fitness training or products, services, or Sessions that are similar to those offered by a Studio, and/or (iii) any Entity that grants franchises or licenses for any of the businesses in (i) or (ii).
15. Notices (Section 17.11):
The notice address for Franchisor shall be:
BODY20 Franchisor LLC Attn: Trevor Lucas, Chief Financial Officer 4000 MacArthur Blvd., Suite 800 Newport Beach, C
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, Body20 reserves the right to change the Technology Fee. They will provide franchisees with written notice of any changes at least 30 days before the new fee amount is implemented. The Technology Fee will not exceed the greater of $2,500 per month or 2% of the franchisee's Gross Sales.
This means that Body20 franchisees can expect to receive at least one month's notice before any changes to the Technology Fee take effect. This allows franchisees time to adjust their budgets and business plans accordingly. The fee is capped at either a flat monthly rate or a percentage of gross sales, providing some predictability.
It's important to note that Body20 may also add, delete, or modify the products and services included in the Technology Fee. Franchisees should stay informed about these changes to understand the value they are receiving for the fee. Franchisees should also be aware that the Technology Fee is subject to change, and they should factor this into their financial planning.