factual

For individuals with management responsibility relating to the sale or operation of Fitstop franchises, what is the time period for which their principal positions and employers are listed?

Fitstop Franchise · 2024 FDD

Answer from 2024 FDD Document

The names and titles of our directors, trustees, general partners, principal officers, and other individuals who will have management responsibility relating to the sale or operation of the franchises offered by this disclosure document are listed below, together with their principal positions and employers during the past five (5) years:

Source: Item 2 — BUSINESS EXPERIENCE (FDD pages 9–10)

What This Means (2024 FDD)

According to Fitstop's 2024 Franchise Disclosure Document, the business experience of directors, principal officers, and other individuals with management responsibility relating to the sale or operation of Fitstop franchises are listed, including their principal positions and employers during the past five (5) years. This information is provided to give prospective franchisees an understanding of the background and qualifications of the people leading the Fitstop franchise system.

For a prospective franchisee, this means they can review the experience of key personnel like the Chairman, Stuart Cook, who has served as Chairman since the company's inception and has held various positions in other companies. Similarly, the Director, Paul Early, has over 16 years of experience in the financing and franchising industry, including roles at Lift Brands and Gold Gym International. Russell Beauchamp, the President and Global CFO, has served in that role since September 2023, after working as Group CFO for the Poolwerx Group since September 2017. Peter Hull, the Founder, Owner, and Managing Director, has been with the Fitstop brand since 2013.

This disclosure helps potential franchisees assess the leadership's expertise and track record in relevant industries. Examining the listed positions and employers over the past five years allows franchisees to gauge the stability and relevance of the management team's experience. It is a common practice in franchising to provide this level of detail about key personnel to ensure transparency and inform decision-making.

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.