When is the Fitstop franchisee required to pay the Training Fee?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
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| Training Fee(s) | Our then-current training fee for the type of training requested or other assistance/training requested by you and/or required under your Franchise Agreement (our "Training Fee") Currently, our Training Fee(s) are as follows: (i) $1,500 for the training that we provide and afford access to each individual that you wish to engage and appoint as an Authorized Instructor | On demand and as directed by us. | Please see Item 11 of this Disclosure Document for additional information. As previously noted in Item 1, as of the Issue Date we are willing to provide the System Instructor Training remotely to you and up to four (4) additional individuals that you determine to engage and wish to appoint as your initial Authorized Instructors of the Franchised Business, provided these individuals complete such training before undertaking or performing any Approved Services to any Franchised Business clientele. |
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| that will be eligible to provide Approved Services at your Franchised Business (the "Instructor Training"); and (ii) $500/day per trainer utilized in connection with all other training we provide beyond the Initial Training Program we conduct with you (plus any out-of-pocket costs we |
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, the Training Fee is due 'on demand and as directed by us.' The Training Fee covers the cost of training for authorized instructors. Currently, the training fee is $1,500 for each individual the franchisee wishes to engage and appoint as an Authorized Instructor. There is also a fee of $500 per day per trainer for any training beyond the Initial Training Program.
Fitstop may require franchisees to participate in additional training programs or seek assistance, incurring further Training Fees. The FDD specifies that Fitstop is willing to provide System Instructor Training remotely to the franchisee and up to four additional individuals that the franchisee determines to engage as initial Authorized Instructors, provided these individuals complete the training before performing any Approved Services to any Franchised Business clientele.
Prospective franchisees should note that the timing of these payments is not fixed but rather determined by Fitstop. This means franchisees need to be prepared to pay these fees whenever Fitstop demands them. It is important for potential franchisees to factor these costs and the potential for ongoing training expenses into their financial planning.