What is the name of the parent company of Fly Fitness?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
We have a parent company, Fly Holdings, LLC, a Nebraska limited liability company with a principal place of business at 201 N 13th Street, Lincoln, Nebraska 68502. Fly Holdings, LLC, was formed on March 6, 2019, and is our owner. Fly Holdings, LLC has not offered franchises in this or in any other lines of business previously.
Our affiliate, Fly | A Fitness Revolution, LLC, is a Nebraska limited liability company with a notice address of 201 N. 13th Street, Lincoln, Nebraska 68508. Fly | A Fitness Revolution, LLC is the owner of the "Fly Fitness" Marks. Fly | A Fitness Revolution, LLC has not offered franchises in this or any lines of business previously. However, Fly | A Fitness Revolution, LLC has previously offered license agreements in the State of North Dakota. Fly | A Fitness Revolution, LLC, owns and operates company locations in Nebraska.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 6–7)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, the parent company of Fly Fitness Franchise, L.L.C. is Fly Holdings, LLC. Fly Holdings, LLC is a Nebraska limited liability company with its principal business located at 201 N 13th Street, Lincoln, Nebraska 68502. Fly Holdings, LLC was formed on March 6, 2019, and is the owner of Fly Fitness. Fly Holdings, LLC has not offered franchises in this or any other lines of business previously.
Understanding the parent company is important for prospective franchisees as it clarifies the ownership structure and the entities involved in the franchise system. Because Fly Holdings, LLC is the owner of Fly Fitness, it ultimately controls the franchise operations and any strategic decisions.
Additionally, the FDD mentions Fly | A Fitness Revolution, LLC, as an affiliate of Fly Fitness. This affiliate owns the "Fly Fitness" Marks and operates company locations in Nebraska. It's important to note that while Fly | A Fitness Revolution, LLC has offered license agreements in North Dakota, it has not offered franchises previously. Knowing the relationships between the franchisor, its parent company, and its affiliates can give a franchisee a clearer picture of the overall organization and its experience in franchising and related business models.