What is the estimated low and high range for computer systems costs for a Fly Fitness franchise?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| Computer | $1,605 | $2,140 | As required by | Before opening | Suppliers | | Systems10 | | | suppliers | | |
- 10 We require you to purchase computer systems and software meeting our minimum specifications for use at your Franchised Business.
This estimate includes the cost of entry-area computer hardware that operates our current required POS system (Mariana Tek) and additional laptop computer or smart device that can operate other required software.
You must also have Internet and other telecommunications equipment and services in accordance with our standards to permit electronic transmission of sales information.
We reserve the right to change your requirements for computer hardware and software at any time.
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 computer systems ranges from $1,605 to $2,140. This includes the cost of entry-area computer hardware that operates the current required POS system (Mariana Tek) and an additional laptop computer or smart device that can operate other required software.
The FDD specifies that franchisees must purchase computer systems and software meeting Fly Fitness's minimum specifications for use at the Franchised Business. Additionally, franchisees must have Internet and other telecommunications equipment and services in accordance with Fly Fitness's standards to permit electronic transmission of sales information. These costs are due before opening and are paid to suppliers.
Fly Fitness reserves the right to change the requirements for computer hardware and software at any time, meaning that franchisees may need to upgrade or replace their systems in the future, incurring additional costs. It is important for prospective franchisees to clarify these specifications and potential future costs with Fly Fitness to budget accordingly.