table_specific

In which state does Fly Fitness have a franchise agreement signed but the outlet not opened?

Fly_Fitness Franchise · 2024 FDD

Answer from 2024 FDD Document

This Franchise Disclosure Document is registered, on file or exempt from registrations in the following states having franchise disclosure laws, with the following effective dates:

STATE EFFECTIVE DATE

Minnesota Pending

Source: Item 22 — CONTRACTS (FDD pages 44–45)

What This Means (2024 FDD)

According to Fly Fitness's 2024 Franchise Disclosure Document, the document is registered, on file, or exempt from registration in states having franchise disclosure laws, with specific effective dates. As of the issuance date of the FDD, Fly Fitness has a franchise agreement signed in Minnesota, but the outlet is pending. This means that while the legal paperwork is complete, the Fly Fitness location has not yet opened for business in Minnesota.

For a prospective Fly Fitness franchisee, this information is relevant for understanding where the franchise is actively expanding and where there may be opportunities for new locations. It also indicates that Fly Fitness is working through the necessary legal and regulatory processes to establish a presence in Minnesota.

It's important to note that the FDD effective dates can vary by state, reflecting different regulatory requirements and timelines for franchise registration and approval. A potential franchisee should verify the current status of franchise registration in their target state and understand any specific requirements or addenda that may apply, as exemplified by the amendment to the Fly Fitness Franchise Agreement required by the state of Minnesota.

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.