How can a Fly Fitness franchisee determine the costs of permits and licenses for their specific location?

According to Fly Fitness's 2024 Franchise Disclosure Document, the costs for permits and licenses, including building permits, sign permits, certificates of occupancy, and local business licenses, can vary significantly depending on the location of the franchise. The FDD advises prospective franchisees to contact their local governing agency to obtain precise information about these costs.

Item 7 of the FDD provides an estimated range for business licenses and permits, from $214 to $535. However, this is just an estimate, and the actual costs could be higher or lower based on local ordinances and the specific requirements of the premises. The FDD notes that not all locations will require all of these permits, depending on the prior use of the premises.

Therefore, it is crucial for potential Fly Fitness franchisees to independently verify these costs with the relevant local authorities during their due diligence. This proactive approach will help in creating a more accurate financial projection for the initial investment required to start the franchise.