What factors can affect the time it takes to open a Fly Fitness franchise?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
We estimate the typical length of time between the signing of the Franchise Agreement and the time you open your Fly Fitness outlet is six to nine (6-9) months. Factors that may affect this time period include your ability to acquire a site, financing, zoning, or other permits; compliance with local ordinances and restrictions; shortages for construction; delivery and installation of fixtures, signs and equipment, and completion of required training. If you have not opened your Franchised Business within twelve (12) months after you sign the Franchise Agreement, or within six (6) months of us approving your location, you must obtain our consent to extend the time to open, which we may or may not grant, at our discretion. Failure to open your Franchised Business within the original time as extended, is a default of the Franchise Agreement. (Franchise Agreement, Sections 8.1.2, 8.3 and 8.4)
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 22–29)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, the estimated time to open a Fly Fitness franchise is typically six to nine months from signing the Franchise Agreement. However, several factors can influence this timeline. These include the franchisee's ability to secure a suitable site, obtain financing, and acquire necessary zoning and permits. Compliance with local ordinances and restrictions can also impact the opening timeline.
Construction delays or shortages, as well as the timely delivery and installation of fixtures, signs, and equipment, are other potential factors. Completing the required training is also necessary before opening. If a franchisee fails to open their Fly Fitness business within twelve months of signing the Franchise Agreement, or within six months of the franchisor approving the location, they must seek consent to extend the opening timeline.
Failure to obtain this consent or open within the extended time frame constitutes a default of the Franchise Agreement. This highlights the importance of proactive planning and diligent execution to mitigate potential delays and ensure timely opening of the Fly Fitness franchise.