What agreement must be included in any lease executed by a Fly Fitness franchisee?

Based on the 2024 Fly Fitness Franchise Disclosure Document, to renew their franchise agreement, a franchisee must obtain the right to continue occupying the premises of the Franchised Business for the full term of the Successor Franchise Agreement, or receive Fly Fitness's approval to locate the Franchised Business at a new location. This requirement ensures that the franchisee has a secure location for the duration of the renewed agreement, which is crucial for maintaining business continuity and customer base.

This condition is important because securing a lease that aligns with the term of the Successor Franchise Agreement can be challenging. Landlords may be unwilling to commit to a long-term lease, or the terms of the lease may not be favorable. If a franchisee cannot secure the necessary lease terms or obtain approval for a new location, they may not be able to renew their franchise agreement.

For a prospective Fly Fitness franchisee, this means that lease negotiations are a critical aspect of the renewal process. It would be prudent to discuss potential lease terms with landlords well in advance of the renewal date and to involve Fly Fitness in the site selection process if relocating. Additionally, understanding the criteria Fly Fitness uses for approving new locations is essential for a smooth renewal process.