What is the range of costs associated with training-related costs and expenses for a Fitstop franchise, and when are these payments due?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
IAL INVESTMENT**
| YOUR ESTIMATED INITIAL INVESTMENT | ||||
|---|---|---|---|---|
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be Made |
| Initial Franchise Fee1 | $50,000 | Lump sum | Upon execution | Us |
| Initial Marketing Spend2 | $10,000 | Lump sum | Prior to opening | Approved Supplier for digital/online marketing; |
Source: Item 7 — TEM 7: ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, the estimated cost for training-related costs and expenses ranges from $1,000 to $7,500. These costs are associated with attending the Corporate Training portion of the Initial Training Program at Fitstop's designated corporate training location, which is currently in California.
The lower end of the estimate, $1,000, assumes that only the franchisee or their operating principal attends the training and resides close enough to the training location to avoid significant flight costs. The higher end, $7,500, accounts for the franchisee and possibly one additional person, such as a Designated Manager or lead Authorized Instructor, attending the training, with travel costs including standard airfare and lodging at a recommended hotel near the training location.
These training-related costs are due prior to opening the Fitstop franchise and are paid to third-party providers for travel, lodging, meals, and local transportation. Prospective franchisees should factor these expenses into their initial investment and consider the number of attendees and travel distance to accurately estimate their training costs.