What is the monthly Annual Conference contribution for a Fitstop franchise?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
e not required to expend any particular portion of the Fund or your Fund Contributions on marketing or other services that are allocated specifically to your Designated Territory.
- 13.6 Annual Conference Contribution(s). You may be required to remit to ua an amount equal to $150 per month as a contribution to defray the costs associated with any annual conference we determine to establish and conduct for System Business owners (an "Annual Conference"),
Source: Item 23 — RECEIPTS (FDD pages 50–135)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, franchisees may be required to contribute $150 per month towards the costs associated with the annual conference. This contribution is payable in the same manner as the royalty fee, starting once the franchised business is open and operating.
This monthly contribution helps Fitstop defray the expenses of holding an annual conference for its franchise owners. The conference likely provides a venue for training, networking, and updates on the Fitstop system.
It's important to note that attendance at the annual convention may be mandatory for the franchisee or their General Manager. If they do not attend, an amount equal to their attendance fee will be forfeited, and the franchisee will be in material default of the Franchise Agreement. Franchisees are also responsible for covering all travel, living, and compensation expenses for themselves and their personnel to attend the conference.