What is the cost for Additional/Remedial Training for Fitstop franchisees?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
ns 2, 3, 4, 10 and 14)
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- We may require you and, if applicable, your Designated Manager to attend annual additional/refresher courses, as we deem necessary in our sole discretion ("Additional Training") and/or remedial training as part of the actions necessary to cure your noticed default under the Franchise Agreement ("Remedial Training"). We may require that you pay our then-current Training Fee, which is currently $500/day per trainer for this kind of training, for any Additional/Remedial Training you and your employees attend. You will also be solely responsible for all expenses incurred in attending Additional/Remedial Training.
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- We may provide instructional training to Authorized Instructors that you wish to appoint amongst your personnel and that will be authorized to provide the Approved Services at your location, consistent with our then-current System standards and specifications as we set forth in the Manual or otherwise in writing which, as of the Issue Date, we expect and intend to provide remotely and reserve the right to charge our then-current Training Fee to provide to any Authorized Instructor beyond the Initial Instructor Team note
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 24–35)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, franchisees may be required to attend additional or remedial training courses if deemed necessary by Fitstop. The cost for this training is Fitstop's then-current Training Fee, which is currently $500 per day per trainer. This fee applies to both the franchisee and their employees attending the training.
In addition to the training fee, the franchisee is responsible for covering all expenses incurred while attending the Additional/Remedial Training. These expenses could include travel, accommodation, meals, and any other costs associated with attending the training sessions.
Fitstop may also provide instructional training to authorized instructors, charging a training fee of $1,500 for any instructor beyond the initial instructor team. This fee structure highlights the ongoing investment franchisees may need to make in training and development to maintain brand standards and address any performance issues that may arise. Franchisees should factor in these potential costs when assessing the overall financial commitment of the franchise.