How will Fitstop communicate the appointment of itself as an Approved Supplier?

According to Fitstop's 2024 Franchise Disclosure Document, Fitstop reserves the right to designate itself or its affiliates as an approved supplier for any required item in the future. Fitstop will communicate this appointment through the manuals or other prior written notice to franchisees.

This means that Fitstop franchisees may be required to purchase certain items or services necessary to operate their franchise from Fitstop or its affiliates. This could include anything from equipment and supplies to technology services or training. The requirement for written notice aims to provide franchisees with formal communication regarding any changes to approved suppliers, allowing them to adjust their purchasing practices accordingly.

It is important for prospective franchisees to understand that Fitstop has the right to derive revenue from the sale of products, supplies, services, and equipment to franchisees. While this is a common practice in franchising, it's crucial to evaluate whether the pricing and terms offered by Fitstop as an approved supplier are competitive and reasonable. Franchisees should also consider the potential impact on their overall costs and profitability.

Prospective franchisees should inquire about the specific criteria Fitstop uses to select and approve suppliers, as well as the process for evaluating alternative suppliers proposed by franchisees. Understanding these factors can help franchisees make informed decisions about their purchasing options and ensure they are receiving fair value for required items.