How much is the renewal fee for a Stretch Zone franchise?
Stretch_Zone Franchise · 2025 FDDAnswer from 2025 FDD Document
"Renewal Fee" means the fee described in Subsection 3.1(h).
Source: Item 8 — Receipts. Any sale made must be in compliance with § 683(8) of the Franchise Sale Act (N.Y. Gen. Bus. L. § 680 et seq.), which describes the time period a Franchise Disclosure Document (offering prospectus) must be provided to a prospective franchisee before a sale may be made. New York law requires a franchisor to provide the Franchise Disclosure Document at the earliest of the first personal meeting or ten (10) business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. (FDD pages 99–263)
What This Means (2025 FDD)
The 2025 Stretch Zone Franchise Disclosure Document defines the term "Renewal Fee" as the fee described in Subsection 3.1(h). However, the document does not specify the exact amount of the renewal fee.
It is important for prospective Stretch Zone franchisees to understand all costs associated with the franchise, including renewal fees, before entering into a franchise agreement. Renewal fees are typically a percentage of the initial franchise fee or a fixed amount.
To obtain the specific amount of the renewal fee, a prospective franchisee should review Subsection 3.1(h) of the Franchise Agreement or ask the franchisor directly for clarification. This will help in making an informed decision about investing in a Stretch Zone franchise.