What amenities are included in the estimated initial investment for a Fly Fitness franchise?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
he cost of a building permit.
- 7 The furniture and fixtures required for your Franchised Business include entry-area furniture, security cameras, retail rack for supplement sales, storage room equipment, appliances, speakers, scale, body fat measurement equipment, cleaning equipment, and file storage equipment. This estimate does not include required fitness equipment.
- 8 This estimate is for the cost to produce and mount storefront signage on the exterior of the premises.
- 9 This is an estimate of the costs of building permits, sign permits and a certificate of occupancy for your premises. Not all locations will require all of these permits, depending on the prior use of the premises and the requirements of local ordinances. This estimate also includes the cost of a local business license. The costs of permits and licenses will vary by location. Please contact your local governing agency for this information.
- 10 We require you to purchase computer systems and software meeting our minimum specifications for use at your Franchised Business.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 14–18)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, the estimated initial investment includes several amenities. These include furniture and fixtures for the entry area, security cameras, a retail rack for supplement sales, storage room equipment, appliances, speakers, a scale, body fat measurement equipment, cleaning equipment, and file storage equipment. The initial investment also covers the costs of towels, deodorant, shampoo, miscellaneous toiletries, paper towels, cleaning supplies, white boards, office supplies, consumable office supplies, an office computer, and a printer.
Prospective franchisees should note that while these amenities are part of the initial investment, the estimate does not include the cost of required fitness equipment such as bikes, treadmills, hand weights, Pilates reformers, weighted balls, bands and mats. These items are listed separately with an estimated cost between $32,100 and $128,400. The cost of computer systems and software, including entry-area computer hardware for the POS system and a laptop or smart device for other required software, is also included in the initial investment.
It is important for potential Fly Fitness franchisees to carefully review the list of included amenities and understand what is not covered. Given the variability in costs, consulting with professional advisors is recommended to assess the specific needs and location of the franchise. Understanding these costs is crucial for budgeting and financial planning when starting a Fly Fitness franchise.