Where is the Franchised Business Address for Fly Fitness specified?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
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(Print Name)
Service Marks –
FLY FITNESS
FLY METHOD
WINGS OUT
TERRITORY DESCRIPTION AND FRANCHISED BUSINESS LOCATION
| "(If there is no Approved Location on the Effective Date, insert: **TERRITORY AND ADDRESS | |
|---|---|
| TO BE DETERMINED AND INSERTED AFTER A FLY FITNESS PREMISES IS IDENTIFIED | |
| BY FRANCHISEE AND APPROVED BY FRANCHISOR, IN ACCORDANCE WITH SECTION | |
| 8.1 OF THE FRANCHISE AGREEMENT, IN | THE SITE SEACH AREA OF |
| ) | |
| Territory (insert map and/or define by zip codes, counties, city limits, or physical boundaries such as | |
| roads, highways, and rivers): | |
| Franchised Business Address: | |
Source: Item 22 — CONTRACTS (FDD pages 44–45)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, the specific address for the Franchised Business is determined after the franchisee identifies a location that the franchisor approves, as detailed in Section 8.1 of the Franchise Agreement. The document includes a section in the franchise agreement where the territory and address will be specified. If there is no approved location upon the effective date of the franchise agreement, the agreement states that the territory and address are "TO BE DETERMINED AND INSERTED AFTER A FLY FITNESS PREMISES IS IDENTIFIED BY FRANCHISEE AND APPROVED BY FRANCHISOR, IN ACCORDANCE WITH SECTION 8.1 OF THE FRANCHISE AGREEMENT."
This means that the exact location of the Fly Fitness franchise is not predetermined in the Franchise Disclosure Document (FDD). Instead, it is contingent upon the franchisee finding a suitable site that meets Fly Fitness's approval criteria. This is a common practice in franchising, as the suitability of a location can significantly impact the success of the business. Section 8.1 of the Franchise Agreement, which is referenced in the FDD, likely outlines the specific criteria and process for site selection and approval.
Prospective franchisees should pay close attention to Section 8.1 of the Franchise Agreement to understand the site selection process, approval criteria, and any associated costs or obligations. They should also inquire about the typical timeframe for site selection and approval, as well as the level of support provided by Fly Fitness during this process. Understanding these details is crucial for making an informed decision about investing in a Fly Fitness franchise.