Under what laws was Fitstop Holdings Pty Limited, the parent company of Fitstop, formed?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
Our parent and sole owner, Fitstop Holdings Pty Limited (our "Parent"), is a holding company formed under the laws of Australia in October 2018 that has a principal business address at 51 Manilla St., East Brisbane Qld 4169 Australia. Except for owning us and certain affiliate entities (some of which are disclosed below), our Parent has not (a) offered or awarded franchises or licenses in any line of business, or (b) engaged in any other material business activities.
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 Holdings Pty Limited, the parent company of Fitstop USA, Inc., was formed under the laws of Australia in October 2018. The parent company's principal business address is located at 51 Manilla St., East Brisbane Qld 4169 Australia. The document specifies that Fitstop Holdings Pty Limited is a holding company.
Fitstop Holdings Pty Limited's primary function is to own Fitstop USA, Inc. and certain affiliate entities. The FDD clarifies that, besides owning Fitstop USA, Inc. and its affiliates, Fitstop Holdings Pty Limited has not offered or awarded franchises or licenses in any line of business, nor has it engaged in any other material business activities.
Another affiliate of Fitstop is Fitstop Australia Pty Ltd, which was also formed under the laws of Australia in 2014. Fitstop Australia Pty Ltd has been offering and awarding franchises for a business substantially similar to the Fitstop franchise offered in the United States since January 2017. As of December 31, 2023, there were 125 Fitstop franchises open and operating under agreements with Fitstop Australia Pty Ltd; however, these franchises are located outside the United States.