What information is included in Exhibit D of the Fitstop Disclosure Document?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
Exhibit D to this Disclosure Document contains a list of: (i) our current franchisees as of the December 31, 2023; and (ii) any franchisees who have had an outlet terminated, cancelled, not renewed or otherwise voluntarily or involuntarily ceased to do business under a franchise agreement during the most recently completed fiscal year or who have not communicated with us within 10 weeks of the application date. Please note that we did/do not have any System franchisees to disclose in Exhibit D as of December 31, 2023 or the Issue Date.
If you buy this franchise, your contact information may be disclosed to other buyers when you leave the franchise system. As a new franchise offering, we have not entered into an agreement with any System franchisee in the past three (3) fiscal years that would limit their ability to speak openly with you about their experience with us.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 47–49)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, Exhibit D contains a list of current franchisees as of December 31, 2023. It also includes a list of any franchisees who had an outlet terminated, canceled, not renewed, or otherwise voluntarily or involuntarily ceased to do business under a franchise agreement during the most recently completed fiscal year, or who have not communicated with Fitstop within 10 weeks of the application date.
However, the FDD states that as of December 31, 2023, and the issue date of the document, there were no System franchisees to disclose in Exhibit D. This means that Fitstop was a new franchise offering and had not yet entered into any franchise agreements.
Prospective franchisees should note that if they buy a Fitstop franchise, their contact information may be disclosed to other buyers when they leave the franchise system. The document also indicates that Fitstop has not entered into any agreements with System franchisees in the past three fiscal years that would limit their ability to speak openly about their experiences with Fitstop.