Has Fly Holdings, LLC, the parent company of Fly Fitness, previously offered franchises?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
We have a parent company, Fly Holdings, LLC, a Nebraska limited liability company with a principal place of business at 201 N 13th Street, Lincoln, Nebraska 68502. Fly Holdings, LLC, was formed on March 6, 2019, and is our owner. Fly Holdings, LLC has not offered franchises in this or in any other lines of business previously.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 6–7)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, Fly Holdings, LLC, the parent company, has not previously offered franchises. The FDD states that Fly Holdings, LLC, was formed on March 6, 2019, and is the owner of Fly Fitness Franchise, L.L.C.
The document explicitly states that "Fly Holdings, LLC has not offered franchises in this or in any other lines of business previously." This means that prospective Fly Fitness franchisees are dealing with a parent company that is new to franchising, which may present both opportunities and risks.
While Fly Holdings, LLC has not offered franchises, Fly Fitness's affiliate, Fly | A Fitness Revolution, LLC, has previously offered license agreements in the State of North Dakota and owns and operates company locations in Nebraska. This provides some experience in operating fitness businesses, although not specifically in franchising. Franchisees should consider the implications of working with a parent company that is new to franchising and carefully evaluate the support and guidance provided by Fly Fitness.