Who is the designated Approved Supplier for online marketing and promotional services for Fitstop?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
ional Activities. The $10,000 Initial Marketing Spend will be expended as we direct in the Manuals or otherwise in writing, consistent with our System standards and practices, and we expect that all or substantial portion of this spend will be remitted to our designated Approved Supplier for online marketing and promotional services. In addition to this Initial Marketing Spend, we expect and may require that you expend up to an additional $1,000 to $10,000 on marketing, advertising and promotional services and/or collateral that we prescribe or approve in the Manuals to increase the visibility of your Franchised Business within your Des
Source: Item 7 — TEM 7: ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, the approved supplier for online marketing and promotional services is referenced in Item 7 regarding the initial marketing spend. The FDD states that a substantial portion of the $10,000 initial marketing spend will be remitted to their designated approved supplier for online marketing and promotional services.
This means that when a new Fitstop franchisee starts their business, they are required to allocate $10,000 for initial marketing. Fitstop directs how this money is spent, and they expect that most of it will go to their approved supplier for online marketing and promotional activities.
In addition to the initial marketing spend, Fitstop may also require franchisees to spend an additional $1,000 to $10,000 on marketing, advertising, and promotional services or materials that Fitstop prescribes or approves. This is to help increase the visibility of the franchisee's Fitstop location within their designated territory. The specific identity of the approved supplier is not disclosed in this section, but it is something a prospective franchisee should clarify with Fitstop during their due diligence.