factual

What image must the new Fitstop premises conform to during the fit-out?

Fitstop Franchise · 2024 FDD

Answer from 2024 FDD Document

  • 9.9.4 You acknowledge and agree that: (1) compliance with this section is at your sole cost and expense; (2) it is in the best interests of both parties that the Franchise be open for trade from the new Premises as soon as possible; and (3) subject to relevant laws, the new Premises are to be fitted out at your cost to conform with the then prevailing image and otherwise in accordance with this Section.

  • 9.5.3.3 provide us with, and receive our consent with respect to, the plans for the build-out including the plans, design, contractors employed, budget and time frame for the completion of the build-out;

  • 9.5.3.4 engage competent, licensed contractors to complete the works in a proper and workmanlike manner and in a manner to ensure timely completion of the buildout;

  • 9.5.3.5 manage, supervise, and ensure that the buildout is completed by competent, licensed tradesmen in a proper and workmanlike manner;

  • 9.5.3.6 secure appropriate insurances in connection with the buildout;

  • 9.5.3.7 correct any defects in the buildout;

  • 9.5.3.8 ensure the build-out complies with all requirements we specify in the Manual(s) and any government regulatory requirements;

  • 9.5.3.9 verify compliance with all laws and regulations that may be imposed by local, state, and federal agencies in relation to the buildout; and

  • 9.5.3.10 ensure that you pay any and all amounts due in connection with the buildout and other development activities associated with establishing the Franchised Business at the Premises, which may include amounts due to our Approved Supplier(s) and/or us.

Source: Item 23 — RECEIPTS (FDD pages 50–135)

What This Means (2024 FDD)

According to Fitstop's 2024 Franchise Disclosure Document, if relocation of the premises is approved, the new premises must be fitted out at the franchisee's cost to conform with the then prevailing image. The franchisee must also propose suitable new premises for approval by Fitstop no later than 70 calendar days from the date on which they vacate the premises.

Fitstop requires franchisees to provide them with, and receive their consent with respect to, the plans for the build-out including the plans, design, contractors employed, budget and time frame for the completion of the build-out. Franchisees must engage competent, licensed contractors to complete the works in a proper and workmanlike manner and in a manner to ensure timely completion of the buildout. Franchisees must also manage, supervise, and ensure that the buildout is completed by competent, licensed tradesmen in a proper and workmanlike manner, secure appropriate insurances in connection with the buildout, and correct any defects in the buildout.

Furthermore, the franchisee must ensure the build-out complies with all requirements Fitstop specifies in the Manual(s) and any government regulatory requirements. They must also verify compliance with all laws and regulations that may be imposed by local, state, and federal agencies in relation to the buildout, and ensure that they pay any and all amounts due in connection with the buildout and other development activities associated with establishing the Franchised Business at the Premises, which may include amounts due to Fitstop's Approved Supplier(s) and/or Fitstop.

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.