When is Fitstop's Training Fee payable?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
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| Training Fee(s) | Our then-current training fee for the type of training requested or other assistance/training requested by you and/or required under your Franchise Agreement (our "Training Fee") Currently, our Training Fee(s) are as follows: (i) $1,500 for the training that we provide and afford access to each individual that you wish to engage and appoint as an Authorized Instructor | On demand and as directed by us. | Please see Item 11 of this Disclosure Document for additional information. As previously noted in Item 1, as of the Issue Date we are willing to provide the System Instructor Training remotely to you and up to four (4) additional individuals that you determine to engage and wish to appoint as your initial Authorized Instructors of the Franchised Business, provided these individuals complete such training before undertaking or performing any Approved Services to any Franchised Business clientele. |
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| 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 is payable "on demand and as directed by us." This means Fitstop has the discretion to determine when the fee is due, giving them flexibility in managing franchisee training schedules and financial obligations.
Fitstop charges a training fee for the type of training requested or other assistance/training requested by you and/or required under your Franchise Agreement. Currently, the training fees are $1,500 for the training that Fitstop provides and affords access to each individual that you wish to engage and appoint as an Authorized Instructor. There is also a fee of $500 per day per trainer utilized in connection with all other training Fitstop provides beyond the Initial Training Program.
As a prospective franchisee, it's crucial to understand the specific circumstances under which Fitstop will demand payment. This includes knowing how far in advance you'll be notified of the training fee due date, and what methods of payment are accepted. Clarifying these details with Fitstop can help you budget effectively and avoid potential late payment penalties or disruptions to your training schedule.