factual

Is the Fitstop franchisee responsible for all costs and expenses for their personnel to attend the training?

Fitstop Franchise · 2024 FDD

Answer from 2024 FDD Document

You are also solely responsible for all costs and expenses you (and your personnel) incur in connection with completing the appropriate Remote Training, Corporate Training and Initial On- Site Training, including personnel and other trainee wages.

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, the franchisee is responsible for all costs and expenses incurred by themselves and their personnel related to completing the required training programs. This includes Remote Training, Corporate Training, and Initial On-Site Training. These expenses specifically include personnel and trainee wages.

This means that a prospective Fitstop franchisee needs to budget not only for their own travel, accommodation, and wages during training but also for the wages of any personnel they send for training. This can significantly increase the initial investment required to start the franchise. The franchisee should factor in the number of personnel requiring training and the duration of each training type to estimate these costs accurately.

In addition to the initial training, Fitstop may require franchisees and their Designated Managers to attend annual additional or refresher courses, as well as remedial training. For these additional training sessions, Fitstop may charge a Training Fee, currently at $500 per day per trainer, and the franchisee remains responsible for all expenses incurred in attending these sessions. This ongoing cost should be considered when evaluating the long-term financial viability of the franchise.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.