factual

Who must approve the Fly Fitness premises identified by the franchisee?

Fly_Fitness Franchise · 2024 FDD

Answer from 2024 FDD Document

"(If there is no Approved Location on the Effective Date, insert: **TERRITORY AND ADDRESS
TO BE DETERMINED AND INSERTED AFTER A FLY FITNESS PREMISES IS IDENTIFIED
BY FRANCHISEE AND APPROVED BY FRANCHISOR, IN ACCORDANCE WITH SECTION
8.1 OF THE FRANCHISE AGREEMENT, IN THE SITE SEACH AREA OF
)

Source: Item 22 — CONTRACTS (FDD pages 44–45)

What This Means (2024 FDD)

According to Fly Fitness's 2024 Franchise Disclosure Document, the franchisor must approve the Fly Fitness premises identified by the franchisee. Specifically, the FDD states that the territory and address are to be determined and inserted after a Fly Fitness premises is identified by the franchisee and approved by the franchisor, in accordance with Section 8.1 of the franchise agreement.

This means that a prospective franchisee cannot simply choose any location they prefer. Fly Fitness retains control over site selection, ensuring that each location meets their standards and strategic goals. This approval process likely involves an evaluation of factors such as market demographics, competition, visibility, and accessibility.

For a potential Fly Fitness franchisee, this requirement underscores the importance of working closely with the franchisor during the site selection process. It may also be prudent to understand the criteria Fly Fitness uses to evaluate potential locations and what recourse a franchisee has if their preferred location is not approved. This also means that the franchisee needs to factor in the time it takes for Fly Fitness to approve a location into their timeline for opening the franchise.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.