What is the definition of 'Training Fee' according to the Fitstop Franchise Agreement?
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 is defined as the brand's current fee for requested training or assistance, or training required under the Franchise Agreement. The current training fees are $1,500 for instructor training for each individual the franchisee wishes to engage as an Authorized Instructor. Additionally, there is a fee of $500 per day per trainer for any training beyond the initial training program, plus any out-of-pocket costs incurred by Fitstop.
Fitstop offers System Instructor Training remotely to the franchisee and up to four additional individuals that the franchisee wishes to appoint as initial Authorized Instructors, provided these individuals complete the training before providing services to clients. This initial training offer can help a new franchisee get their business started without incurring additional training costs for their initial staff.
The Training Fee is due on demand and as directed by Fitstop. Franchisees should budget for these potential training costs, especially if they anticipate needing additional training beyond the initial program or for more than four instructors initially. It is important for prospective franchisees to review Item 11 of the FDD for additional information regarding training.