If I want to open additional Fitstop franchises in my Designated Territory, what must I do?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
ay on such promises or representations and we will not be bound by them. YOU MUST ENSURE THAT ALL PROMISES AND REPRESENTATIONS FOR PRESENT AND FUTURE RESULTS AND RIGHTS, WHETHER ABSOLUTE OR CONTINGENT, ARE CONTAINED IN THE FRANCHISE AGREEMENT OR THEY MAY BE FOREVER LOST.
- ©2024 Fitstop USA, Inc. 21.4 This Agreement awards the right to open a single Franchised Business within the Designated Territory detailed in Schedule 2 to this Agreement and, except for the territorial rights descirbed
in Section 2.2 hereof, nothing in this Agreement grants any kind of "exclusive," "protected," or other territorial rights in any contiguous or other geographical area.
Source: Item 23 — RECEIPTS (FDD pages 50–135)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, the franchise agreement awards you the right to open a single Fitstop business within your designated territory, as detailed in Schedule 2 of the agreement. To open additional Fitstop franchises in your designated territory, you must request approval from Fitstop in writing. However, Fitstop is under no obligation to grant you additional franchises.
This means that while you have the opportunity to expand within your designated territory, Fitstop retains the discretion to decide whether or not to allow it. This could depend on various factors such as your performance, market conditions, and Fitstop's overall strategic plans. It's important to note that without a written addendum to the franchise agreement, you do not have an inherent right or option to develop additional franchises.
Prospective franchisees should consider this when evaluating the growth potential of a Fitstop franchise. While a designated territory provides some exclusivity against other Fitstop locations, it does not guarantee the ability to expand and operate multiple units. It is advisable to discuss Fitstop's criteria for awarding additional franchises and to understand their long-term development plans for your specific territory.