The Daily Pilates

Franchise agreement

You must take all steps necessary to enable us to have independent, unlimited and unrestricted access to the data collected through the Computer System as we designate, including information regarding your Gross Revenue, customer information, service and performance reports, and any other information relating to your…

Franchise agreement

(3) within 90 days after the end of each fiscal year, annual profit and loss and source and use of funds statements and a balance sheet for your Studio as of the end of that calendar year, prepared in accordance with generally accepted accounting principles or, at our option, international accounting standards and…

Item 8

Currently, (i) we and our affiliate are approved suppliers of certain Initial Inventory items and certain merchandise you will purchase during the operation of your Studio (including grip socks, branded merchandise and apparel, wellness products, accessories, and personal fitness equipment);

Item 8

We may change, delete, or modify any of our standards and specifications, and those changes might require that you make additional expenditures.

Item 8

In the prior fiscal year, we received $120,631 in revenue from the sale of required products or services to our franchisees (which was 28.4% of our total revenue of $424,768).

Item 8

We and our affiliates may derive revenue and other consideration from selling products and services to our franchisees, and rebates, vendor promotions, or other consideration from approved Vendors based on their sales of products and services to our franchisees.

Item 8

We estimate that 90% to 95% of your initial investment and 90% to 95% of your ongoing expenditures will be directed to purchase products and services that will be restricted by us in some manner.

Item 8

We may charge you a fee if you ask us to evaluate any proposed alternative supplier in the amount of costs we incur in inspecting and testing such products (currently $500 per request).

Item 8

If you would like us to consider approving a Vendor that is not then approved, and we elect to evaluate such Vendor, you must submit your request in writing before purchasing any items or services from that Vendor.

Item 17

cease using all telephone numbers, directory listings, contact information associated with your Studio, and Online Presences

Franchise agreement

You must secure and maintain in force throughout the Term all required licenses, permits and certificates relating to the operation of your Studio and operate your Studio in full compliance with all applicable laws, ordinances and regulations, including PCI compliance standards.

Franchise agreement

You agree to present to your customers the evaluation forms that we may prescribe and to participate (and request your customers to participate) in any surveys performed by or for us, and you agree to obtain all third-party consents required under applicable law to permit us to conduct any inspections including…

Franchise agreement

We (or our designee) may at all times and without prior notice to you, observe, inspect, photograph, record (audio and/or video) activity in, and observe your Studio and its operations for, consecutive or intermittent periods we deem necessary; remove samples of any products and supplies; interview your personnel and…

Franchise agreement

We may periodically modify the Operations Manual, including in the form of memoranda and newsletters, to reflect changes in System Standards.

Item 11

Before you sign a lease for or otherwise commit to taking possession of a site for your Studio, you must have our written approval of the site, and you must have our written approval of your proposed lease or other document under which you will take possession of the site.

Item 11

You may not establish any website, domain name, email address, social media account, user name, and/or other online presence or presence on any electronic medium of any kind (“Online Presence”) without our prior written approval, and each such Online Presence (once established) must at all times comply with our…

Item 11

we require that you spend no less than $6,000.

Item 11

you must spend, monthly, the greater of (a) $1,500 or (b) two percent (2%) of the prior month’s Gross Revenue to locally advertise and promote your Studio (the “Local Advertising Requirement”).

Item 11

You will sign any documents we require to become a member of a Local Advertising Cooperative and, subject to the Marketing Expenditure Cap, contribute to and participate in the activities of the designated Local Advertising Cooperative.

Item 8

You are required to purchase only the items that we approve or that meet our standards and specifications and, as described below, to purchase those items only from Vendors that we approve or otherwise allow.

Item 8

You are required to purchase only the items that we approve or that meet our standards and specifications and, as described below, to purchase those items only from Vendors that we approve or otherwise allow.

Franchise agreement

Currently, you authorize us to debit your designated bank account for all such amounts (the “EFT Authorization”).

Item 15

Your Operations Manager must supervise the management and day-to-day operations of your Studio on a full-time basis.

Item 11

Currently, the Computer System is comprised of a laptop computer, an iPad, management software, the point-of-sale system, and an inventory control system we designate.

Item 11

We will have independent and unlimited access to your Computer System and the information generated and stored therein, including information regarding your Gross Revenue, customer information, service and performance reports, and any other information relating to your Studio.

Item 11

We may implement annual franchise conferences for our franchisees and provide periodic, additional mandatory training programs on new topics, for your replacement personnel, or as refreshers for previously trained people.