Does Fitstop expect to have approved suppliers for branded items and retail merchandise?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
As of the Issue Date, we expect and intend to have Approved Suppliers for the following items you must purchase in connection with your Franchised Business as of the Issue Date of this Disclosure Document: (i) certain furniture, fixtures, equipment and supplies you must purchase to buildout and/or operate your Franchised Business; (ii) site selection and other real estate services (recommended, but not necessarily required); (iii) software and technology we designate for use in connection with the System; (iv) signage furniture, fixtures, equipment, supplies and inventory comprising the Start-Up Equipment and Supplies
Package (detailed more fully in Item 8); (v) other inventory items and paper goods; (vi) branded items and retail merchandise, including certain Approved Products; (vii) certain marketing materials and services, which may include digital marketing and collateral such as flyers, coupons, banners, flags and similar promotional items; (viii) music licensing services (for use at your Premises); and (ix) project management and related services associated with the buildout and design of your Franchised Business (optional, not required).
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 19–23)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, Fitstop expects to have approved suppliers for branded items and retail merchandise. As of the issue date of the FDD, Fitstop intends to have approved suppliers for several items that franchisees must purchase. These items include certain furniture, fixtures, equipment, and supplies needed to build out and operate the franchised business, as well as software and technology designated for use within the Fitstop system.
In addition to the above, Fitstop also expects to have approved suppliers for signage, furniture, fixtures, equipment, supplies, and inventory that comprise the Start-Up Equipment and Supplies Package. Other inventory items, paper goods, certain marketing materials and services (including digital marketing and collateral), music licensing services, and optional project management services for buildout and design are also expected to have approved suppliers.
Fitstop retains the right to mandate that franchisees purchase necessary items or services from approved or designated suppliers, which may include Fitstop or its affiliates. This list of approved suppliers will be provided in writing within the manuals and may be updated or modified as Fitstop deems appropriate. While Fitstop is not currently the approved supplier for most required items, it may become the approved supplier for technology services, ongoing training, and services related to the current fund.