Does the per-trainer training fee from Fitstop include out-of-pocket costs?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
----------| | | that will be eligible to provide Approved Services at your Franchised Business (the "Instructor Training"); and (ii) $500/day per trainer utilized in connection with all other training we provide beyond the Initial Training Program we conduct with you (plus any out-of-pocket costs we
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, the training fee for trainers beyond the initial training program is $500 per day per trainer. This fee does include any out-of-pocket costs that Fitstop incurs.
This means that in addition to the $500 per day, a franchisee may be responsible for reimbursing Fitstop for expenses like travel, accommodation, or training materials for the trainer. It is important for prospective franchisees to understand what these out-of-pocket costs might include and how they are calculated to budget accordingly.
Understanding the potential out-of-pocket costs is crucial for managing expenses and profitability. A franchisee should clarify with Fitstop what specific expenses are included as 'out-of-pocket costs' and request an estimate of these costs to better prepare their financial projections.