factual

What is the principal place of business for Fly Holdings, LLC, the parent company of Fly Fitness?

Fly_Fitness Franchise · 2024 FDD

Answer 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.

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 principal place of business for Fly Holdings, LLC, the parent company, is located at 201 N 13th Street, Lincoln, Nebraska 68502. Fly Holdings, LLC, was formed in Nebraska on March 6, 2019, and serves as the owner of Fly Fitness. It is important to note that Fly Holdings, LLC has not previously offered franchises in any line of business.

This information is crucial for prospective franchisees as it identifies the entity ultimately responsible for the Fly Fitness franchise system. Knowing the parent company's location and formation date can be useful for due diligence, such as verifying the company's registration and legal standing. Additionally, understanding that Fly Holdings, LLC is new to franchising may prompt potential franchisees to inquire about the company's experience and resources for supporting franchisees.

It is also worth noting that Fly Fitness has an affiliate, Fly | A Fitness Revolution, LLC, which owns the "Fly Fitness" Marks and operates company locations in Nebraska. This affiliate has previously offered license agreements in North Dakota but has not offered franchises. This complex corporate structure, with a parent company and an affiliate involved in licensing and operations, highlights the importance of understanding the roles and responsibilities of each entity within the Fly Fitness franchise system. Prospective franchisees should carefully review the franchise agreement and related documents to fully understand the relationships between Fly Fitness, Fly Holdings, LLC, and Fly | A Fitness Revolution, LLC.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.