What is the deadline for a Fitstop franchisee to complete required upgrades after notification?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
- 9.8 Upgrading Premises, Furniture, Fixture, Equipment ("FFE") and/or Other Required Items. Where reasonably necessary to protect our legitimate commercial interest, we may change any brand standard so as to require an upgrade of the Premises, FFE and/or any other Required Item used to initially build out and equip the Franchised Business. When this occurs, we require you to perform these upgrades at your cost within 180 calendar days of when we notify you of such upgrades via the Manuals or otherwise in writing to similarly-situated System franchisees.
Source: Item 23 — RECEIPTS (FDD pages 50–135)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, if Fitstop determines that upgrades to the Premises, Furniture, Fixtures, Equipment (FFE), or other required items are reasonably necessary to protect their commercial interests, franchisees are required to complete these upgrades at their own expense.
The deadline for completing these upgrades is within 180 calendar days from the date Fitstop notifies the franchisee of the required upgrades. This notification will be communicated through the Manuals or in writing to franchisees operating similar Fitstop locations.
This requirement ensures that all Fitstop franchises maintain a consistent brand standard and adapt to evolving market demands. It's important for prospective franchisees to factor in the potential costs of these periodic upgrades when assessing the financial viability of the franchise. Franchisees should also clarify with Fitstop what the typical upgrade costs and frequency have been for existing locations to better anticipate future expenses.