Does the Fitstop disclosure document include a list of franchisees as an exhibit?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
| Exhibit B. Table of Contents for Manual(s) | |||
|---|---|---|---|
| Exhibit C. | Financial Statements | ||
| Exhibit D. | List of Franchisees | ||
| Exhibit E. | Lists of Agents for Service of Process in Various States | ||
| Exhibit F. | State Administrators | ||
| Exhibit G. | General Release | ||
| Exhibit H. | State Addendum to the Disclosure Document | ||
| Exhibit I. | State Effective Dates Page | ||
| Exhibit J. | Receipts of Franchise Disclosure Document | ||
| Dated: | Dated: | ||
| Printed Name | Printed Name | ||
| Signed, individually and as an officer of [ ] (a corporation) [ ] (a partnership) | Signed, individually and as an officer of [ ] (a corporation) [ ] (a partnership) | ||
| [ ] (a Limited Liability Company) | [ ] (a Limited Liability Company) | ||
Source: Item 23 — RECEIPTS (FDD pages 50–135)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, Exhibit D is a list of franchisees. This exhibit is important for prospective franchisees as it provides contact information for current Fitstop franchisees. Speaking with existing franchisees is a crucial step in the due diligence process, allowing potential investors to gain firsthand insights into the day-to-day operations, challenges, and successes within the Fitstop franchise system.
By reviewing the list of franchisees, a prospective franchisee can strategically select individuals to contact, considering factors such as location, years in operation, and market demographics. These conversations can help validate the information presented in the FDD and provide a more realistic understanding of what it takes to run a successful Fitstop franchise.
It is common practice for franchise systems to include a list of franchisees in their FDD, as it promotes transparency and allows potential franchisees to conduct thorough research. This direct access to current franchisees is invaluable for making an informed investment decision and assessing the overall health and satisfaction within the Fitstop franchise network.