What is the net income for Fly Fitness as of May 31, 2024?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
d confidentiality clauses that restrict them from discussing with you their experiences as a franchisee in our franchise system.
ITEM 21: FINANCIAL STATEMENTS
Because we have not been in business for three years, we are not able to include the three prior years of audited financial statements normally required by this Item 21.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 44)
What This Means (2024 FDD)
The 2024 Fly Fitness Franchise Disclosure Document includes an unaudited balance sheet as of May 31, 2024. However, the provided excerpts do not contain a complete income statement (or profit and loss statement) for that specific date. The excerpts include balance sheets and financial statements, but do not specify the net income as of May 31, 2024.
To determine Fly Fitness's net income as of May 31, 2024, a prospective franchisee should carefully review the complete financial statements in Exhibit D of the FDD, which are not included in the provided excerpts.
It is important to ask Fly Fitness for clarification or further documentation regarding their financial performance during this period. Understanding the net income will help potential franchisees assess the financial health and profitability of Fly Fitness.