When was Fitstop USA, Inc. formed as a company?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
FITSTOP USA, INC. is a Georgia limited liability company that was a formed in April 2021. The Company grants franchises to operate restaurants specializing in an all-you can-get pizza buffet and beverage items.
Source: Item 23 — RECEIPTS (FDD pages 50–135)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, Fitstop USA, Inc. was formed in April 2021. Specifically, it is a Georgia limited liability company. This detail is found within the notes to the financial statements included in the FDD.
This information is relevant to potential franchisees as it establishes the company's history and legal structure. Knowing when Fitstop was established can give franchisees insight into the brand's maturity and experience in the market. Newer companies may be more adaptable but might lack a long track record, while older companies may have more established systems but could be less flexible.
The fact that Fitstop is a limited liability company (LLC) has implications for its legal and financial structure. Generally, an LLC structure can offer some liability protection to its members (owners). This information is typically included in the FDD to provide transparency about the franchisor's background and organizational structure.