How often does Fly Fitness update the lists of approved suppliers?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
We maintain written lists of approved items of equipment, fixtures, inventory, and supplies (by brand name and/or by standards and specifications) and a list of designated suppliers and contractors for those items. We will update these lists periodically and issue the updated lists to all franchisees.
We approve suppliers after careful review of the quality of the products they provide to us and our franchisees. If you would like us to consider another item or supplier, you must make such request in writing to us and have the supplier give us samples of its product or service and such other information that we may require. If the item and/or supplier meets our specifications, as we determine in our sole discretion, we will approve it as an additional item or supplier. We will make a good-faith effort to notify you whether we approve or disapprove of the proposed item or supplier
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 18–20)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, Fly Fitness maintains written lists of approved items of equipment, fixtures, inventory, and supplies, including designated suppliers and contractors. Fly Fitness states that it will update these lists periodically and issue the updated lists to all franchisees.
Fly Fitness approves suppliers after reviewing the quality of their products. If a franchisee wants Fly Fitness to consider a new supplier, they must submit a written request with samples and other required information. Fly Fitness will then make a good-faith effort to notify the franchisee of their decision within 30 days of receiving all the necessary information. If no approval is given within 30 days, the request is considered unapproved. Fly Fitness also reserves the right to revoke approval of any item or supplier that no longer meets their standards.
While the FDD states that Fly Fitness updates its lists of approved suppliers periodically, it does not specify exactly how often these updates occur. A prospective franchisee should ask Fly Fitness for more details regarding the frequency of these updates and the typical reasons for changes to the approved supplier list.