Workout Anytime

Can you provide details about the 1 litigation case initiated against the franchisor, including the specific claims, resolution, and any impact on franchise operations?

Why does the transfer fee of $33,750 significantly exceed the typical range for fitness franchises, and is this fee negotiable or fixed across all franchisees?

What specific factors led to the increase in franchisor-initiated terminations from 0 in 2023 to 6 in 2024, and what are the most common reasons franchisees are being terminated?

The termination rate of 3.2% is above typical for this category. What constitutes a default that can be terminated with only 5 days' notice versus 30 days, and are there examples of recent terminations under these provisions?

How are the renewal options structured with 999 x 5-year terms, and what determines whether franchisees are offered renewals at the end of their initial 10-year term?

What renewal or transfer fees apply after the initial term, and can you clarify why the transfer fee equals the renewal fee at $33,750?

Item 19 shows average gross sales of $518,588 and median of $460,256. What percentage of current franchisees achieve or exceed these figures, and what is the range of performance across the system?

Can you explain how the exclusive territory is defined, what protections exist against franchisor-operated or affiliated locations, and have there been any territory disputes in the last 3 years?

The non-compete clause restricts activity within 25 miles of any Workout Anytime location. How many franchise locations fall within a typical franchisee's local market area, and how does this impact franchisee exit options?

What goods and services must be purchased exclusively from franchisor-approved suppliers across the 5 controlled categories, and what is the markup or margin on these required purchases?

The franchisor retains pricing control for individual/family and corporate membership rates. How often are these prices adjusted, and do franchisees have input into pricing strategy for their location?

All equity holders with 10% or more ownership must sign personal guarantees. Does this requirement apply to passive investors, and what are the full scope of obligations covered by the personal guarantee?

What specific training and ongoing support is provided to justify the 100/100 Support & Training score, and are all franchisees required to complete initial training before opening?

What does the technology fee of $695 per month cover, are there additional technology fees or charges not listed, and what happens if a franchisee wants to use alternative systems?

Can you provide a breakdown of the 7 unit closures in 2024 by specific reason (e.g., franchisee choice, economic factors, lease issues, franchisor termination)?

Given the relatively low net unit growth of 2.7% year-over-year despite the addition of 11 new units, what is driving the decision to close or transfer existing units?

What is the average capital investment required beyond the $45,000 franchise fee to open a Workout Anytime location, and what equipment or build-out costs are franchisees responsible for?

How does Workout Anytime support franchisees through market downturns, membership acquisition challenges, or competition from other fitness concepts?

Are there any required membership quotas, revenue targets, or other performance metrics franchisees must meet, and what happens if franchisees fall below these benchmarks?

Does the arbitration clause with class action waiver prevent franchisees from joining group actions with other franchisees regarding system-wide disputes?