What factors does Fly Fitness consider when approving a site for a Fly Fitness franchise?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
Before you open your Franchised Business, we will:
- a. provide you with site selection guidelines and approve a location for your Franchised Business. Within three (3) months of signing the Franchise Agreement, you must submit a written request for approval to us describing the proposed location and providing other information about the site that we reasonably request. We will respond within fifteen (15) business days, either accepting or rejecting the proposed location. We consider the following factors in approving a site: general location and neighborhood, distance from neighboring franchise territories, proximity to major roads and residential areas, traffic patterns, condition of premises, tenant mix, and demographic characteristics of the area. If you do not identify a site that meets our approval within three (3) months of signing the Franchise Agreement, we reserve the right to terminate the Franchise Agreement. We will not own and/or lease a site to you. You are responsible for negotiating a purchase or lease with the owner of a site we approve. (Franchise Agreement, Sections 8.1.2, 8.1.3,10.1).
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, when evaluating a potential site for a franchise, Fly Fitness considers several factors. These include the general location and neighborhood, the distance from other Fly Fitness franchise territories, and the proximity to major roads and residential areas. Fly Fitness also assesses traffic patterns, the condition of the premises, the tenant mix of the location, and the demographic characteristics of the area.
This means that a prospective Fly Fitness franchisee needs to carefully research and document these factors when proposing a location to Fly Fitness for approval. Failure to select a site that meets Fly Fitness's criteria could lead to rejection of the proposed location and potentially termination of the Franchise Agreement if a suitable site is not identified within three months of signing the agreement.
Fly Fitness will respond to a franchisee's written request for site approval within fifteen business days, either accepting or rejecting the proposed location. It is important to note that the franchisee is responsible for negotiating the purchase or lease of the approved site with the owner, as Fly Fitness does not own or lease sites to franchisees.