Does the Fly Fitness franchise agreement include a section on 'Fees'?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
6. FEES.
- 6.1 Initial Franchise and Royalty Fee.
As part of the consideration for the right to operate the Franchise granted herein, Franchisee shall pay to Franchisor the following fees:
- 6.1.1 Initial Franchise Fee.
Source: Item 22 — CONTRACTS (FDD pages 44–45)
What This Means (2024 FDD)
Yes, according to Fly Fitness's 2024 Franchise Disclosure Document, the franchise agreement does include a section on fees. Specifically, Section 6 of the franchise agreement is titled "FEES." This section outlines that as part of the consideration for the right to operate the Fly Fitness franchise, the franchisee must pay certain fees to Fly Fitness. The franchise agreement specifically mentions the Initial Franchise Fee and Royalty Fee. This indicates that franchisees should carefully review Section 6 of the franchise agreement to understand all the fees they will be obligated to pay to Fly Fitness throughout the term of the agreement.