How does Fitstop intend to impose the initial franchise fee on new System franchisees?

According to Fitstop's 2024 Franchise Disclosure Document, the company intends to uniformly impose the initial franchise fee on all new franchisees. The initial franchise fee is $50,000, which must be paid in a single lump sum upon the execution of the Franchise Agreement.

This fee is deemed fully earned by Fitstop once the Franchise Agreement is executed and is non-refundable under any circumstances. This means that once the agreement is signed, the franchisee is obligated to pay the full $50,000, and there are no conditions under which this fee will be returned.

For franchisees interested in developing multiple Fitstop locations, the initial franchise fee of $50,000 is required for each location, unless Fitstop agrees otherwise in writing. This policy ensures that Fitstop receives its standard initial investment for each new Franchised Business that a franchisee develops, maintaining consistency across the franchise system.