When did the first Fly Fitness affiliate-owned outlet open?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
This Item contains a historic financial performance representation showing the combined Net Income, Expenses, Gross Profit, EBITDA, and EBITDAR for our two affiliate owned Fly Fitness outlets located in Lincoln, Nebraska. The first outlet opened in November of 2015 and the second in November of 2019. Our affiliates are a similar size as expected franchisee outlets and represents the sale of products and services that will be available for franchisees to sell.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 41–42)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, the first affiliate-owned Fly Fitness outlet opened in November 2015. The FDD references the financial performance of two affiliate-owned outlets located in Lincoln, Nebraska. The second outlet opened in November 2019.
This information is part of Item 19, which covers financial performance representations. Fly Fitness states that the affiliates are of a similar size to expected franchisee outlets and represent the sale of products and services that will be available for franchisees to sell. This suggests that the historical financial performance of these affiliate locations may be indicative of what a new franchisee could potentially achieve.
However, the FDD also includes a disclaimer that a franchisee's individual results may differ, and there is no assurance that a franchisee will earn as much as the affiliate outlets. Prospective franchisees should carefully review the complete Item 19 and request written substantiation for the financial performance representation to make an informed decision.