When is the in-progress software for Stretch Zone franchisees anticipated to be completed?
Stretch_Zone Franchise · 2025 FDDAnswer from 2025 FDD Document
| In-progress software | consists of application | development | costs for franchisees. | The software is anticipated |
|---|---|---|---|---|
| to be completed | in the second quarter | of 2025. The | estimated useful life | of the asset is 48 months and |
| amortizationwillbeginwhenitisfirstplacedinservice. |
Source: Item 3 — Franchisee/Debtor's Warranties. (FDD pages 263–364)
What This Means (2025 FDD)
According to Stretch Zone's 2025 Franchise Disclosure Document, the in-progress software for franchisees is anticipated to be completed in the second quarter of 2025. This software development represents a cost for franchisees and will be amortized once it is placed in service. The estimated useful life of the software is 48 months.
For a prospective Stretch Zone franchisee, this means that the software, once completed, will be a depreciable asset with a lifespan of four years. The amortization will begin when the software is first used in the business. This detail is relevant for financial planning and understanding the long-term value and expense associated with the software.
It is important for potential franchisees to confirm the exact features, functionality, and costs associated with this software, as well as any ongoing maintenance or update fees. Understanding the software's capabilities and how it integrates into the Stretch Zone business model is crucial for efficient operations and maximizing the return on investment.