When was Fitstop Holdings Pty Limited, the parent company of Fitstop, formed?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
Our parent and sole owner, Fitstop Holdings Pty Limited (our "Parent"), is a holding company formed under the laws of Australia in October 2018 that has a principal business address at 51 Manilla St., East Brisbane Qld 4169 Australia. Except for owning us and certain affiliate entities (some of which are disclosed below), our Parent has not (a) offered or awarded franchises or licenses in any line of business, or (b) engaged in any other material business activities.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 7–9)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, the parent company, Fitstop Holdings Pty Limited, was formed in October 2018. It was established under the laws of Australia and is a holding company. Its principal business address is located at 51 Manilla St., East Brisbane Qld 4169 Australia.
Fitstop Holdings Pty Limited's primary function is to own Fitstop USA, Inc. and certain affiliate entities. The FDD specifies that, aside from owning Fitstop USA, Inc. and its affiliates, Fitstop Holdings Pty Limited has not been involved in offering or awarding franchises or licenses in any line of business, nor has it engaged in other significant business activities.
Prospective franchisees should understand the role and limitations of the parent company. Since Fitstop Holdings Pty Limited is primarily a holding company, its direct involvement in the day-to-day operations of a Fitstop franchise in the United States may be limited. However, its ownership and oversight of Fitstop USA, Inc. means it ultimately influences the strategic direction of the Fitstop franchise system.