How much advance notice must a Fitstop franchisee provide before changing retail prices for services?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
Where reasonably necessary to protect our legitimate commercial interest, we may change our recommended or maximum retail prices, charges, discounts relating to or affecting any of the Approved Products or services and issue new or changed or modified recommended or maximum price lists upon notice.
Source: Item 23 — RECEIPTS (FDD pages 50–135)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, Fitstop may change recommended or maximum retail prices for approved products or services when reasonably necessary to protect their commercial interests. Fitstop will issue new or modified price lists upon notice.
This means that Fitstop franchisees must comply with Fitstop's pricing policies, which may include maximum prices for approved products and services. Fitstop can change these prices as needed, and franchisees will be notified of these changes. The FDD does not specify a particular timeframe for advance notice, only that notice will be provided.
For a prospective franchisee, this implies that Fitstop has the authority to adjust pricing, and franchisees must adhere to those changes. It is important to note that the FDD does not state how much advance notice Fitstop will provide before implementing price changes. A prospective franchisee should ask Fitstop how much advance notice they will receive before Fitstop changes the pricing.