Are all fees and expenses described in Item 6 of the Fly Fitness FDD uniformly imposed?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 6: OTHER FEES]
All fees and expenses described in this Item 6 are nonrefundable and are uniformly imposed. Except as otherwise indicated in the preceding chart, we impose all fees and expenses listed and you must pay them to us.
Source: Item 6 — OTHER FEES (FDD pages 8–14)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, all fees and expenses outlined in Item 6 are uniformly imposed and nonrefundable. This means that Fly Fitness applies these fees consistently to all franchisees, and franchisees cannot get a refund on these fees.
This uniform application of fees ensures that all Fly Fitness franchisees are treated equally regarding financial obligations to the franchisor. However, franchisees are still responsible for incidental expenses related to additional training or attending the national business meeting or annual convention, including travel, lodging, meals, and wages.
Fly Fitness also requires franchisees to spend a minimum of $500 per month on local advertising and marketing activities after the initial opening period. Fly Fitness retains the right to increase the local advertising contribution by 10% annually. If a franchisee fails to meet the minimum local marketing requirements, Fly Fitness reserves the right to collect the local marketing contribution and allocate it on behalf of the franchisee.
Franchisees should be aware of these uniformly applied fees and expenses, as they will impact the overall cost of operating a Fly Fitness franchise. Understanding these financial obligations is crucial for budgeting and financial planning.