How often must a Fitstop franchisee report back with details of prospective premises inspected?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
- 9.1.1 Unless we have already agreed upon a location for the Premises at the time we execute this Agreement, you must use your best efforts to locate and enter into a lease agreement for a Premises within the Designated Territory that we approve within six (6) months of the Effective Date. As part of that process, it is your responsibility to: (i) inspect prospective premises; (ii) report back to us on a weekly basis with details of the prospective premises inspected in the prior seven (7) calendar days; (iii) consider any potential premises we may suggest; and (iv) if we deem necessary, engage an agent we approve to assist you in locating an appropriate premises within the Designated Territory.
- 9.1.2 If you have not located an appropriate premises by the time specified above, we may in our discretion (i) agree to terminate this Agreement or (ii) agree to extend the time you have to locate an appropriate premises.
Source: Item 23 — RECEIPTS (FDD pages 50–135)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, franchisees must report back to Fitstop on a weekly basis with details of any prospective premises inspected in the prior seven calendar days. This is part of the franchisee's responsibility to locate and secure an approved premises within the designated territory within six months of the effective date of the franchise agreement.
This weekly reporting requirement ensures that Fitstop stays informed about the franchisee's progress in finding a suitable location. It also allows Fitstop to provide guidance and support throughout the site selection process. The franchisee must also consider any potential premises that Fitstop may suggest and, if Fitstop deems it necessary, engage an agent approved by Fitstop to assist in locating an appropriate premises within the Designated Territory.
If a franchisee fails to locate an appropriate premises within the initial six-month period, Fitstop has the discretion to either terminate the agreement or extend the time allowed for finding a location. This highlights the importance of diligent and consistent effort in the site selection process and maintaining open communication with Fitstop.