In what state was Fitstop USA, Inc. incorporated?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
Fitstop USA, Inc. is the franchisor. To simplify matters, this document will refer to the franchisor as "we," "us," or "our." "Franchisee", "you" or "your" means the company which buys the franchise, including company's owners, partners, controlling shareholders, officers, guarantors, and managers, if any. If the owners, partners, controlling shareholders, officers, or guarantors are married and your spouse is not an owner, partner, controlling shareholder, officer, or guarantor of the franchise business, certain provisions of our Franchise Agreement will also apply to your spouse.
We incorporated in Delaware on July 22, 2022. Our principal business address is 2260 S. Centinela Ave., Suite 150, Los Angeles, CA 90064. We conduct business under our corporate name and under the primary mark FITSTOP®, as well as any and all other marks, logos, designs and names that we designate for licensing as part of our franchise system from time to time (collectively, the "Proprietary Marks").
We have identified our agents for service of process in various states in Exhibit E.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 7–9)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, Fitstop USA, Inc. was incorporated in Delaware on July 22, 2022. The company's principal business address is located at 2260 S. Centinela Ave., Suite 150, Los Angeles, CA 90064. Fitstop conducts business under its corporate name and the FITSTOP® mark, along with other designated marks, logos, designs, and names for licensing within its franchise system. Prospective franchisees should note the incorporation date as it marks the beginning of the company's formal existence as a franchisor. The principal business address provides a physical location for official correspondence and business operations. The FDD also identifies agents for service of process in various states in Exhibit E.
Fitstop's parent company, Fitstop Holdings Pty Limited, is based in Australia. This parent company owns Fitstop USA, Inc. and other affiliate entities. Another affiliate, Fitstop Australia Pty Ltd, has been offering franchises substantially similar to those offered in the United States since January 2017, with 125 franchises open and operating as of December 31, 2023. However, Fitstop Australia Pty Ltd has not offered franchises within the United States. Both Fitstop USA, Inc. and Fitstop Australia Pty Ltd have the right to license proprietary marks through a license agreement with Fitstop IP Pty Limited, which owns the rights to the Proprietary Marks.
For potential franchisees, understanding the corporate structure and the roles of the parent company and affiliates can be important for assessing the overall stability and experience of the Fitstop franchise system. The fact that Fitstop Australia Pty Ltd has a history of operating similar franchises may provide some reassurance regarding the viability of the business model. However, it is important to note that the US franchise is relatively new, having been incorporated in 2022. Therefore, prospective franchisees should conduct thorough due diligence to assess the risks and opportunities associated with investing in a newer franchise system.