What does the estimated cost for the computer system and required software for a Fitstop franchise include?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
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- Computer System and Required Software. This estimated range is designed to cover the costs associated with acquiring the Computer System hardware and other components disclosed more fully in Item 11 of this Disclosure Document, as well as any initial costs associated with setting up that Computer System so that it runs all Required Software prior to opening.
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 estimated cost for the computer system and required software ranges from $3,000 to $7,000. This investment covers the expenses associated with acquiring the necessary computer hardware and components, which are detailed further in Item 11 of the FDD. Additionally, it includes the initial costs for setting up the computer system to ensure it can run all the required software before the Fitstop location opens.
This means a prospective Fitstop franchisee needs to budget for both the physical computer equipment and the software that will run the business. The FDD specifies that these costs are paid as a lump sum, invoiced, and due prior to opening the franchise. Payments are made to Fitstop's approved suppliers.
It is important for potential franchisees to review Item 11 of the FDD for a more comprehensive list of the specific hardware and software required. Understanding these requirements will help in accurately assessing the total cost and ensuring the Fitstop location is fully operational from day one. This also allows the franchisee to confirm with the approved suppliers that the quoted costs align with the FDD estimates.