How many business days does Fly Fitness have to respond to a proposed location?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
Before you open your Franchised Business, we will:
- a. provide you with site selection guidelines and approve a location for your Franchised Business. 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 will respond within fifteen (15) business days, either accepting or rejecting the proposed location. The request must be submitted within three months of signing the Franchise Agreement and include a description of the proposed location and any other information about the site that Fly Fitness reasonably requests.
Fly Fitness considers factors such as the 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 when approving a site. 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.
This stipulation is important for potential franchisees as it sets a clear timeline for site selection and approval. Franchisees must act quickly to find a suitable location and provide the necessary information to Fly Fitness. Failure to do so within the specified timeframe could lead to termination of the Franchise Agreement. This is a fairly standard practice in franchising, as franchisors need to ensure locations meet their criteria to maintain brand consistency and potential for success.