Are there any special incentive programs offered by Fly Fitness for the Development Fee?

According to Fly Fitness's 2024 Franchise Disclosure Document, the company may offer special incentive programs for franchise development activities. Fly Fitness retains the right to introduce, change, or cancel any incentive program without prior notice. The document does not specify any current incentive programs related to the Development Fee.

For franchisees considering a multi-unit development agreement, the absence of a specified incentive program in the FDD means that any potential incentives are subject to change or may not be available at all. It is important for prospective franchisees to discuss potential incentives with Fly Fitness directly to understand what, if any, programs are currently offered or may become available.

While the FDD mentions a 20% discount on the Initial Franchise Fee for existing franchisees opening additional units, this incentive is specifically tied to the Initial Franchise Fee and not the Development Fee. The Development Fee is calculated as $50,000 for the first unit, plus 50% of the discounted initial franchise fee for each additional Fly Fitness outlet a franchisee commits to develop under the Multi-Unit Development Agreement. For example, the Development Fee for a three-unit commitment is $75,000.

Given the discretionary nature of incentive programs, prospective Fly Fitness franchisees should proactively inquire about any available incentives for the Development Fee and understand the terms and conditions that apply. This will help in making an informed decision about entering into a multi-unit development agreement with Fly Fitness.