What is the definition of 'Training Fee' according to the Fitstop FDD?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
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| Training Fee(s) | Our then-current training fee for the type of training requested or other assistance/training requested by you and/or required under your Franchise Agreement (our "Training Fee") Currently, our Training Fee(s) are as follows: (i) $1,500 for the training that we provide and afford access to each individual that you wish to engage and appoint as an Authorized Instructor | On demand and as directed by us. | Please see Item 11 of this Disclosure Document for additional information. As previously noted in Item 1, as of the Issue Date we are willing to provide the System Instructor Training remotely to you and up to four (4) additional individuals that you determine to engage and wish to appoint as your initial Authorized Instructors of the Franchised Business, provided these individuals complete such training before undertaking or performing any Approved Services to any Franchised Business clientele. |
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| that will be eligible to provide Approved Services at your Franchised Business (the "Instructor Training"); and (ii) $500/day per trainer utilized in connection with all other training we provide beyond the Initial Training Program we conduct with you (plus any out-of-pocket costs we |
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, the Training Fee covers the cost of training and assistance requested by the franchisee or required by the Franchise Agreement. The current Training Fees are $1,500 for Instructor Training, which allows individuals to become Authorized Instructors at the Fitstop location. This training is provided to each individual the franchisee wishes to engage as an instructor.
Additionally, Fitstop charges $500 per day per trainer for any training beyond the Initial Training Program, plus any out-of-pocket costs incurred by Fitstop. The FDD mentions that, as of the Issue Date, Fitstop is willing to provide System Instructor Training remotely to the franchisee and up to four additional individuals who will be initial Authorized Instructors, provided they complete the training before providing services to clients.
Prospective Fitstop franchisees should note that these training fees are in addition to other fees outlined in the FDD, such as the Technology Fee and potential costs associated with the annual convention. Understanding the scope and cost of required and optional training is crucial for budgeting and operational planning.