Does Fitstop receive direct payments for placing financing with any person or company on behalf of a franchisee?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
You acknowledge that we may negotiate and/or receive rebates or other financial incentives from the manufacturers and suppliers of any Required Items and/or Approved Products that a System franchisee must acquire and/or offer for sale at the Premises or otherwise in connection with the Franchised Business.
You agree that we may retain for our own benefit all rebates or payments received from any Approved Suppliers and/or other providers/suppliers, whether or not such rebates or payments are made as a consequence of purchases by you.
Source: Item 10 — FINANCING (FDD page 24)
What This Means (2024 FDD)
Based on the 2024 Fitstop Franchise Disclosure Document, it is not clear whether Fitstop receives direct payments for placing financing with any person or company on behalf of a franchisee. The provided excerpts do not contain information about Fitstop receiving payments for financing arrangements.
However, the FDD does state that Fitstop may negotiate and/or receive rebates or other financial incentives from the manufacturers and suppliers of any Required Items and/or Approved Products that a System franchisee must acquire and/or offer for sale. Fitstop retains these rebates or payments for its own benefit, regardless of whether the payments are a consequence of franchisee purchases.
To fully understand Fitstop's practices regarding financing, a prospective franchisee should ask the franchisor directly about any potential fees or incentives received for placing franchisee financing. This information is crucial for assessing the overall cost and financial implications of investing in a Fitstop franchise.