If Fitstop determines to establish a Technology Fee, what does it cover?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
We are not currently the Approved Supplier for any Required Items you must acquire or use in connection with your Franchised Business, except: (i) any technology services we determine to provide as part of any Technology Fee we determine to establish in the future; and (ii) any ongoing Additional and/or Refresher Training, and/or new or replacement Instructor Training, that occurs once you have opened your Franchised Business, and for which we may charge our then-current Training Fee for the kind of training at issue; and (iii) any services we determine to provide as part of our current Fund.
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 has the right to require franchisees to purchase any items or services necessary to operate their franchised business from a supplier that they approve or designate. Fitstop is not currently the Approved Supplier for any Required Items franchisees must acquire or use in connection with their Franchised Business, except any technology services Fitstop determines to provide as part of any Technology Fee they determine to establish in the future.
In addition to technology services, Fitstop may also charge a Training Fee for any ongoing Additional and/or Refresher Training, and/or new or replacement Instructor Training, that occurs once a franchisee has opened their Franchised Business. Fitstop may also provide services as part of their current Fund.
This means that if Fitstop decides to implement a Technology Fee, it will cover the cost of any technology services they provide to franchisees. This could include software, hardware, or other technology-related services that are necessary to operate the Fitstop franchise. Franchisees should inquire about what specific technology services would be covered under this potential fee and how it would impact their overall costs.