Are there any financial thresholds related to the provisions in the Fly Fitness franchise agreement?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 17: RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION]
THE FRANCHISE RELATIONSHIP
This table lists certain important provisions of the franchise and related agreements. You should read these provisions in the agreements attached to this disclosure document.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 33–40)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, Item 17 provides a table that lists important provisions of the franchise and related agreements. Item 17 also states that prospective franchisees should read these provisions in the agreements attached to the disclosure document. However, the excerpt does not specify any financial thresholds related to the provisions within the Fly Fitness franchise agreement.
Because the FDD excerpt focuses on the location of key provisions, it does not detail any specific financial requirements, targets, or performance metrics that could trigger certain actions or requirements within the franchise agreement.
To fully understand if financial thresholds exist, a prospective Fly Fitness franchisee should carefully review the franchise agreement and related documents, and directly ask the franchisor about any financial obligations related to renewal, termination, transfer, or dispute resolution.