When are payments for the computer system due for a Fly Fitness franchise?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| Leasehold Improvements, Construction and/or Remodeling6 | $160,500 | $267,500 | As required by supplier, contractor, or landlord | Before opening, as required by supplier. | Suppliers, contractor and/or Landlord |
|---|---|---|---|---|---|
| Furniture, Fixtures and Equipment7 | $3,210 | $6,420 | As required by supplier | Before opening | Suppliers |
| Signage8 | $4,280 | $7,490 | As incurred | Before opening | Suppliers |
| Business Licenses and Permits9 | $214 | $535 | As required by government agencies | Before opening, as required by government agencies | Government Agencies |
| Computer | $1,605 | $2,140 | As required by | Before opening | Suppliers |
| Systems10 | suppliers |
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 payment for the computer system is due before opening the franchise. The estimated cost for the computer system ranges from $1,605 to $2,140, payable to the suppliers.
Fly Fitness requires franchisees to purchase computer systems and software that meet their minimum specifications. This includes entry-area computer hardware that operates the current required POS system (Mariana Tek) and an additional laptop computer or smart device that can operate other required software. Franchisees must also have internet and telecommunications equipment and services that meet Fly Fitness's standards for electronic transmission of sales information.
Fly Fitness retains the right to change the requirements for computer hardware and software at any time, so franchisees should be prepared for potential future upgrades or changes to their systems. It is important to factor in these potential costs when evaluating the franchise opportunity.