What is the estimated cost range for design and layout expenses when setting up a Fitstop franchise?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
| YOUR ESTIMATED INITIAL INVESTMENT | ||||
|---|---|---|---|---|
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be Made |
| Initial Franchise Fee1 | $50,000 | Lump sum | Upon execution | Us |
| Initial Marketing Spend2 | $10,000 | Lump sum | Prior to opening | Approved Supplier for digital/online marketing; Third-Party Provider for other expenditures |
| Other Initial Marketing and Promotional Activities2 | $1,000 to $10,000 | As arranged | As invoiced or agreed | Approved Supplier and/or other Third-Party Providers (videographer, etc.) |
| Training-Related Costs and Expenses3 | $1,000 to $7,500 | As arranged | Prior to Opening | Third-Party Providers for Travel, Lodging, Meals and Local Transportation |
| Site Selection Assistance | $0 to $10,000 | Lump sum | Prior to opening | Approved Supplier or other Third-Party Provider |
| Security Deposit and other Pre-Opening Amounts under Lease for Approved Premises5 | $8,000 to $75,000 | As arranged between you and the landlord. | As negotiated and agreed in the lease | Third-Party Landlord |
| Design and Layout | $3,000 to $10,000 | As arranged | Prior to opening | Approved Supplier(s) and/or Other Third-Party Provider(s) |
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 design and layout ranges from $3,000 to $10,000. These costs are typically arranged and due prior to opening. Payments are made to approved suppliers or other third-party providers.
This expense covers the design and layout of the Fitstop franchise location, ensuring it aligns with the brand's standards and specifications. The design and layout phase is crucial for creating an appealing and functional space that meets the needs of both staff and customers. It is important for prospective franchisees to factor in these costs when planning their initial investment.
As the FDD notes, the estimated investment ranges were prepared based upon various sources of information, including the experience of Fitstop's affiliates, information from third-party approved suppliers, and data from real estate brokers. Franchisees should ensure the premises are built out in accordance with Fitstop's system standards, specifications, and processes, and that they use approved suppliers for required items.