How long does Fly Fitness have to respond to a proposed location for a Fly Fitness franchise?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
Within three (3) months of signing the Franchise Agreement, you must submit a written request for approval to us describing the proposed location and providing other information about the site that we reasonably request. We will respond within fifteen (15) business days, either accepting or rejecting the proposed location. We consider the following factors in approving a site: general location and neighborhood, distance from neighboring franchise territories, proximity to major roads and residential areas, traffic patterns, condition of premises, tenant mix, and demographic characteristics of the area. If you do not identify a site that meets our approval within three (3) months of signing the Franchise Agreement, we reserve the right to terminate the Franchise Agreement. We will not own and/or lease a site to you. You are responsible for negotiating a purchase or lease with the owner of a site we approve. (Franchise Agreement, Sections 8.1.2, 8.1.3,10.1).
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 22–29)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, after a prospective franchisee submits a written request for location approval, Fly Fitness has 15 business days to respond. This response will either accept or reject the proposed location. The franchisee must submit this request within three months of signing the Franchise Agreement.
Fly Fitness considers several factors when approving a site. These include the general location and neighborhood, distance from neighboring franchise territories, proximity to major roads and residential areas, traffic patterns, the condition of the premises, the tenant mix, and the demographic characteristics of the area. These criteria are typical considerations for franchise systems to ensure a higher likelihood of success.
It is important to note that if a franchisee does not identify a site that meets Fly Fitness's approval within three months of signing the Franchise Agreement, Fly Fitness reserves the right to terminate the Franchise Agreement. The franchisee is responsible for negotiating the purchase or lease with the owner of an approved site, as Fly Fitness will not own or lease sites to franchisees.