What information provided by the franchisee does Fitstop materially rely upon when awarding the Fitstop franchise?

According to Fitstop's 2024 Franchise Disclosure Document, Fitstop materially relies on the financial and other representations made by the prospective franchisee in their franchise application package and subsequent correspondence when awarding a franchise. This information is the basis upon which Fitstop decides to grant the right to own and operate a franchised System Business. The specific location proposed by the franchisee is also a key factor, as Fitstop must approve the premises before a franchise can be awarded.

This reliance underscores the importance of accuracy and honesty in the information provided by the franchisee during the application process. Any misrepresentation or omission could potentially affect the franchise agreement. The franchisee is responsible for ensuring that all promises or representations made by Fitstop are documented in writing within the Franchise Agreement or its amendments, schedules, or exhibits. Failure to do so may prevent the franchisee from relying on those promises or representations later on.

For a prospective Fitstop franchisee, this means that the information provided in the franchise application must be thorough, accurate, and verifiable. It also highlights the need to carefully review the Franchise Agreement and ensure that all material terms and representations are included in writing. This protects both the franchisee and Fitstop by establishing a clear understanding of the agreement's terms and conditions. The franchisee should seek legal counsel to review the agreement and ensure that their interests are adequately protected.