What is the estimated annual cost for updates and maintenance to the Computer System hardware for a Fitstop franchise?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
its on our rights to do so. We may require updates and upgrades to the Computer System and/or Required Software from time to time during the term of the franchise agreement. We require updates and upgrades to your hardware, software and other Computer System components as such become available, at your expense, upon providing you with reasonable advance notice via the Manuals or otherwise in writing (i.e., typically 60 or more days). There are no contractual limitations to the frequency and cost of the obligation to upgrade and maintain these items. With that said, we do not currently have any specific ongoing maintenance and/or support contract requirements other than working with our third-party Approved Supplier for billing/collection and related services. We estimate that you may spend an average of between $500 and $1,500 (per year from the date you acquire the same) on annual updates and maintenance to the Computer System hardware, includin
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 24–35)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, franchisees may spend between $500 and $1,500 per year on updates and maintenance for the Computer System hardware, starting from the date of acquisition. This estimate includes any non-material upgrades.
Fitstop may require updates and upgrades to the franchisee's hardware, software, and other Computer System components as they become available. The franchisee is responsible for these expenses, and Fitstop will provide reasonable advance notice, typically 60 or more days, via the Manuals or in writing.
While there are no contractual limitations on the frequency and cost of these upgrades and maintenance, Fitstop does not currently have specific ongoing maintenance or support contract requirements, except for working with their third-party Approved Supplier for billing/collection and related services. This means that franchisees should budget for these potential annual costs to keep their systems up-to-date and compliant with Fitstop's requirements.