factual
What is the low and high estimated range for the initial franchise fee for a Fly Fitness franchise?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Expenditure | Low | High | Method of Payment | When Due | To Whom Payment is Made |
|---|---|---|---|---|---|
| Initial Franchise Fee1 | $50,000 | $50,000 | Lump sum payment in cash or available funds. | Upon signing the Franchise Agreement. | Us |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 14–18)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, the initial franchise fee is estimated to be between $50,000 and $50,000. This fee is paid as a lump sum when signing the Franchise Agreement.
It is important to note that the FDD indicates that there may be incentive programs available that could offer a discount on the initial franchise fee. A prospective franchisee should inquire about these potential discounts.
The initial franchise fee covers the cost of the Initial Management Training Program for up to three people. However, the estimate does not include incidental costs such as transportation, lodging, and meals for the trainees.
Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.