Where are the Fly Fitness affiliate-owned outlets located that are used in the financial performance representation?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
This Item contains a historic financial performance representation showing the combined Net Income, Expenses, Gross Profit, EBITDA, and EBITDAR for our two affiliate owned Fly Fitness outlets located in Lincoln, Nebraska. The first outlet opened in November of 2015 and the second in November of 2019. Our affiliates are a similar size as expected franchisee outlets and represents the sale of products and services that will be available for franchisees to sell.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 41–42)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, the financial performance representation is based on the performance of two affiliate-owned Fly Fitness outlets located in Lincoln, Nebraska. One outlet opened in November 2015, and the other opened in November 2019.
Fly Fitness states that these affiliate outlets are of a similar size to what is expected of franchisee outlets. The revenue generated by these locations comes from the sale of products and services that will also be available for franchisees to sell. This representation allows prospective franchisees to get an idea of the potential financial performance based on existing locations.
It is important to note that Fly Fitness emphasizes that a franchisee's individual results may differ, and there is no assurance that a franchisee will earn as much as the affiliate outlets. Fly Fitness also states that written substantiation for the financial performance representation will be made available to prospective franchisees upon reasonable request, which would be a good idea to review.