Fitstop

Franchise agreement

You must establish and maintain an accounting system incorporating the chart of accounts, methods, procedures, forms and equipment satisfactory to us by which you will keep and make available to us your complete and accurate financial records.

Item 11

Both you and we will have the right to online access to the compliance monitoring system.

Franchise agreement

13.13.5 provide us with annual accounts in respect of the Franchise (including balance sheets and profit and loss statements and, if applicable, reports of your auditors) within 90 calendar days of the end of each Financial Year; and 13.13.6 provide us monthly revenue figures and quarterly copies of your profit and…

Item 8

We are not currently the Approved Supplier for any Required Items you must acquire or use in connection with your Franchised Business, except: (i) any technology services we determine to provide as part of any Technology Fee we determine to establish in the future; and (ii) any ongoing Additional and/or Refresher…

Franchise agreement

We may, but are under no obligation, appoint oursevles and/or our affiliates or any other third party as an Apporved Supplier for one (1) or more Required Items associated with the Franchised Business upon prior written notice via the Manuals or otherwise.

Item 8

Neither we nor our affiliates derived any revenue from System franchisees’ required purchases in our respective past fiscal year(s) ending December 31, 2023.

Item 8

We and/or our affiliates may receive payments or other compensation from Approved Suppliers or any other suppliers on account of these suppliers’ dealings with us, you, or other Franchised Businesses in the System, such as rebates, commissions or other forms of compensation.

Item 8

approximately 25% to 65% of your ongoing costs to operate the Franchised Business after the initial start-up phase.

Item 8

You must pay our then-current supplier or non-approved product or service evaluation fee when submitting your request.

Item 8

We may, but are not obligated to, grant your request to: (i) offer any products or services in connection with your Franchised Business that are not Approved Products and Services; or (ii) purchase any item or service we require you to purchase from an Approved Supplier from an alternative supplier.

Item 17

assign all telephone numbers and domain names associated with the Franchised Business to us (at our option) or otherwise cancel any registration for the same

Item 11

You must meet the requirements of, and comply with enhancements and changes to, the PCI and DSS and maintain PCI compliance with the current version of the PCI and DSS.

Item 11

We may conduct, as we deem advisable in our sole discretion, inspections of the premises and audits of the Franchised Business and your operations generally to ensure compliance with our System standards and specifications as well as to consult in the development and growth of your Franchised Business.

Item 11

We may periodically amend, update or replace the contents of the Manuals.

Item 12

You must operate your Franchised Business from an approved Premises that you must secure within the Designated Territory granted to you at the time you execute your Franchise Agreement with us.

Item 11

You may not establish or operate a website, web page, domain name, Internet address, blog, forum or email © 2024 Fitstop USA, Inc.

Item 11

You are required to spend a minimum of $10,000 in various online and/or other marketing activities that we prescribe as part of our System and that we expect will be paid to our Approved Supplier (the “Initial Marketing Spend”).

Item 11

Currently, you are required to spend one percent (1%) of monthly Gross Revenue of the Franchised Business on Local Marketing Requirement.

Franchise agreement

You must participate fully in any Member Loyalty Program which we decide to establish and implement.

Item 8

We have the right to require you to purchase any items or services necessary to operate your Franchised Business from a supplier that we approve or designate – which we refer to as an “Approved Supplier”

Franchise agreement

Unless we agree otherwise in a separately-signed writing, you must acquire and/or license and/or lease: (i) the furniture, fixtures, equipment, supplies, inventory, Required Software and services we designate in the Manuals or otherwise in writing to (a) build-out and otherwise establish the Franchised Business at…

Franchise agreement

You must ensure that timely payment is made with respect to all amounts due and owing to: (i) any designated or other Approved Supplier for Required Items (products or services) that we designate in our Manuals or otherwise in writing, including our then-current Approved Supplier for merchant processing services…

Franchise agreement

you must at all times participate in our automatic debit/credit transfer program as specified by us in our Manuals or otherwise in writing (the “EFT Program”) for the payment of any amounts due to us pursuant to this Agreement.

Item 15

Your Franchised Business must always be managed and staffed with at least one (1) individual who has successfully completed the components of the Initial Training Program associated with being an owner/operator or, if appropriate, Designated Manager.

Item 16

You may not use nor sell any products, materials, supplies, paper goods, uniforms, fixtures, furnishings, signs, or equipment which do not meet our standards and specifications as a substitute for any Required Item designated by us in the Manuals or otherwise in writing.

Item 11

We require that all System franchisees acquire and only use the Required Software, including the POS cloud-based software associated with our Current Billing/POS Provider, in connection with all sales, client record management and/or other business records in connection with the Franchised Business operations.

Item 11

We will have independent and electronic access to the information and data collected or generated by the Required Software and other Computer System components.

Franchise agreement

You must at your cost: (1) acquire and install the software necessary to access the CMS, as well as any other cloud-based or other software program, we require you license and/or use in connection with your Franchised Business (collectively, the “Required Software”);

Item 11

We may require that you pay our then-current Training Fee, which is currently $500/day per trainer for this kind of training, for any Additional/Remedial Training you and your employees attend.

Franchise agreement

You and your General Manager must attend all meetings, conferences and annual conventions and you are solely responsible for the payment of all fees and costs related to meetings, conferences and annual conventions.