What is the estimated low and high cost for the computer system for a Fly Fitness franchise?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
AL INVESTMENT**
Single Unit:
| Type of Expenditure | Low | High | Method of Payment | When Due | To Whom Payment is Made |
|---|---|---|---|---|---|
| Initial Franchise Fee1 | $50,000 | $50,000 | Lump sum payment in cash or available funds. |
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 for a computer system ranges from $1,605 to $2,140. This cost covers the purchase of computer systems and software that meet Fly Fitness's minimum specifications.
The computer hardware includes an entry-area computer that operates the current required POS system (Mariana Tek) and an additional laptop computer or smart device that can operate other required software. Franchisees must also have Internet and other telecommunications equipment and services that meet Fly Fitness's standards to allow for the electronic transmission of sales information.
Fly Fitness retains the right to change the requirements for computer hardware and software at any time, potentially leading to additional, unforeseen costs for the franchisee. The franchisee is responsible for these costs and must ensure their systems meet the franchisor's evolving standards. The payments are due before opening to suppliers.