Within what timeframe after opening must a Stretch Zone franchisee provide a statement of costs to open?
Stretch_Zone Franchise · 2025 FDDAnswer from 2025 FDD Document
STATEMENT OF COSTS TO OPEN
Within three months after you open, you will prepare and provide us with a complete and detailed written statement in the form contained in the Operations Manual containing a breakdown of all costs you incurred in the construction and operation of the Franchise Business. [Subsection 4.10(c) of the Franchise Agreement]
Source: Item 11 — ITEM -11 FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 36–44)
What This Means (2025 FDD)
According to Stretch Zone's 2025 Franchise Disclosure Document, a franchisee is required to submit a statement of costs to open within a specific timeframe after the opening of their location.
Specifically, the FDD states that within three months after opening their Stretch Zone business, the franchisee must prepare and provide the franchisor with a complete and detailed written statement. This statement, which follows a form provided in the Operations Manual, should contain a breakdown of all costs incurred during the construction and operation of the franchise.
This requirement ensures that Stretch Zone has a clear understanding of the financial investments made by its franchisees. It also allows the company to potentially refine its cost estimates and provide better guidance to future franchisees. Franchisees should be meticulous in tracking all expenses from the outset to ensure accurate reporting within the stipulated timeframe.