Is it required for the transferee to complete Fly Fitness's Initial Management Training Program?

According to Fly Fitness's 2024 Franchise Disclosure Document, a transferee must complete the Initial Management Training Program. Specifically, the proposed transferee must agree to complete Fly Fitness's Initial Management Training Program to the Franchisor's satisfaction.

This requirement ensures that anyone taking over a Fly Fitness franchise has the necessary knowledge and skills to operate the business according to the franchisor's standards. This protects the brand's reputation and ensures consistency across all franchise locations.

For a prospective franchisee, this means that if they decide to sell their Fly Fitness franchise in the future, the person or entity buying the franchise will need to undergo and complete the training program. This could affect the pool of potential buyers and the timeline for completing the sale. It is important to factor in the time and cost associated with this training when considering a transfer.