factual

Is Fly Fitness responsible for owning or leasing a site to the franchisee?

Fly_Fitness Franchise · 2024 FDD

Answer from 2024 FDD Document

We will not own and/or lease a site to you. You are responsible for negotiating a purchase or lease with the owner of a site we approve. (Franchise Agreement, Sections 8.1.2, 8.1.3,10.1).

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 22–29)

What This Means (2024 FDD)

According to Fly Fitness's 2024 Franchise Disclosure Document, Fly Fitness does not own or lease sites to franchisees. The franchisee is responsible for negotiating the purchase or lease of a site that Fly Fitness approves. Within three months of signing the Franchise Agreement, the franchisee must submit a written request for approval describing the proposed location and providing any other information about the site that Fly Fitness reasonably requests. Fly Fitness will respond within 15 business days, either accepting or rejecting the proposed location.

Fly Fitness considers factors such as the general location and neighborhood, distance from neighboring franchise territories, proximity to major roads and residential areas, traffic patterns, condition of premises, tenant mix, and demographic characteristics of the area when approving a site. If the franchisee does not identify a site that meets Fly Fitness's approval within three months of signing the Franchise Agreement, Fly Fitness reserves the right to terminate the Franchise Agreement.

This arrangement is typical in the franchise industry, where franchisees usually bear the responsibility for securing their own locations. This allows franchisees to have more control over their business location, but it also means they bear the financial risk and responsibility of finding and securing a suitable site that meets Fly Fitness's standards.

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.