Pilates Addiction

Franchise agreement

In addition, we and our Affiliates may, through the Technology System or otherwise, have independent access to Customer Information.

Franchise agreement

Upon our written request, by April 15 of each year, you must submit your balance sheet and income statement for the previous calendar year.

Item 8

One of Sequel Brands’ officers owns an interest in us and our affiliates, and we are a supplier with whom you are required to do business.

Item 8

We may, at any time, in our discretion, change, delete, or add to any of our specifications or quality standards.

Item 8

As we became the franchisor of the Brand in February 2025, in the 2024 fiscal year, neither we nor our affiliates derived any revenue or other material consideration from required purchases or leases by franchisees.

Item 8

We and/or our affiliates may derive revenue based on your purchases and leases, including from charging you for products and services we or our affiliates provide to you and from promotional allowances, volume discounts, and other payments made to us by suppliers and/or distributors that we designate or approve for…

Item 8

We estimate that the cost to purchase and lease all equipment, inventory and other items and services that we require you to obtain from us or our affiliates, from designated suppliers, or according to our specifications ranges from 80% to 95% of the total cost to purchase and lease equipment, inventory, and other…

Item 8

You will pay us a charge that is equal to the greater of $1,000 or our and our affiliates’ actual costs and expenses related to the inspection and/or testing the proposed product or evaluating the proposed service or service provider, including personnel and travel costs, whether or not the item, service, supplier…

Item 8

If you would like to offer products or use any supplies, Operating Assets, or services that we have not approved or to purchase or lease from a supplier or service provider that we have not approved, you must submit a written request for approval and provide us with any information that we request.

Franchise agreement

You acknowledge that as between any of the Franchisee Parties and us and our Affiliates, we and our Affiliates have the sole rights to and interest in all Identifiers.

Item 11

You also must comply with all laws and payment card provider standards relating to the security of the Technology System, including the Payment Card Industry Data Security Standards.

Franchise agreement

8.5 Auditing. Without limiting the foregoing, we may audit or cause to be audited any statement you are required to submit pursuant to Section 8.2 (Reports and Financial Statements) and we may review, or cause to be reviewed, the records maintained by the Franchisee Parties or any bank or other

Franchise agreement

You acknowledge that we may amend, modify, or supplement the Manuals at any time, so long as such amendments, modifications, or supplements will, in our good faith opinion, benefit us and our existing and future franchisees or will otherwise improve the System.

Item 12

Your franchise is for the specific Site that we approve.

Item 11

Unless we consent otherwise in writing, you and your employees may not, directly or indirectly, conduct or be involved in any Digital Marketing that use the Marks or that relate to the Studio or the network.

Item 11

In connection with the opening of the Studio, you must spend a minimum of $15,000 for grand opening advertising and promotion beginning at least 60 days before, and ending 30 days after, the opening of your Studio under the terms of a plan that you must submit to us for our approval.

Item 11

You must spend at least $1,500 per month on local advertising and promotional activities (the “Marketing Spending Requirement”).

Item 11

You must join and actively participate in any organizations or associations of franchisees or advertising cooperatives that we establish or approve for the purpose of promoting, coordinating, and purchasing advertising in local, regional, or national areas where there are multiple Studios (“Advertising Cooperatives”)…

Item 8

Currently, we require you to purchase from suppliers or service providers that we have designated or approved (i) the Equipment Package, (ii) certain other equipment and supplies, (iii) the Technology System, (iv) music licenses, and (v) payment processing services.

Item 8

We may require you to purchase merchant processing services from us, our affiliates or an approved or designated vendor.

Item 15

In addition, you must appoint a Designated Manager to manage the day- to-day business of your Studio, who may also be the Operating Principal.

Franchise agreement

You must display the Marks in a manner that we specify on signage at the Studio and on all written materials, forms, advertising, promotional materials, supplies, employee uniforms, business cards, receipts, letterhead, contracts, stationary, and other materials we designate.

Item 11

Currently, all components of the Technology System must be purchased from our approved vendors.

Franchise agreement

In addition, we and our Affiliates may, through the Technology System or otherwise, have independent access to Customer Information.

Franchise agreement

You must, at your expense, purchase, maintain, and use the hardware, software, other equipment, and network connections that we specify periodically in the Manuals necessary to operate our point-of-sale system, the customer relationship management system, the online reservation system, and other technology systems…

Item 11

We may charge a fee of up to $1,000 per trainer per day, plus their travel and living expenses, for each trainer assigned to your Studio and any remedial training.

Franchise agreement

You, your Operating Principal, your Designated Managers, or any of your representatives that we designate must attend franchise conventions, meetings, product shows or demonstrations, and teleconferences (“Events”) that we may require periodically in the Manuals or otherwise in writing.