factual

How will Fitstop notify franchisees of the appointment of an Approved Supplier?

Fitstop Franchise · 2024 FDD

Answer from 2024 FDD Document

We may, but are under no obligation, appoint oursevles and/or our affiliates or any other third party as an Apporved Supplier for one (1) or more Required Items associated with the Franchised Business upon prior written notice via the Manuals or otherwise.

Source: Item 23 — RECEIPTS (FDD pages 50–135)

What This Means (2024 FDD)

According to Fitstop's 2024 Franchise Disclosure Document, Fitstop may appoint themselves, their affiliates, or any other third party as an Approved Supplier for one or more Required Items associated with the Franchised Business. Fitstop will notify franchisees of these appointments through prior written notice via the Manuals or other written means.

This means that Fitstop franchisees are obligated to purchase certain items, known as Required Items, from suppliers that Fitstop has approved. Fitstop retains the right to designate and update this list of Approved Suppliers. The notification will be in writing, ensuring that franchisees are formally informed of any changes to the approved supplier list.

As a prospective franchisee, it is important to understand that Fitstop has the right to profit from the arrangement with approved suppliers through rebates or other financial incentives. It is also important to stay up-to-date with any modifications to the Manuals or other written notices from Fitstop to ensure compliance with the current list of Approved Suppliers. Franchisees need to factor in potential costs and changes in suppliers when projecting expenses and managing their Fitstop business.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.