What is the total estimated high initial investment for a single unit Fly Fitness franchise?

According to Fly Fitness's 2024 Franchise Disclosure Document, the total estimated initial investment for a single Fly Fitness franchised business ranges from $358,858 to $642,705. This overall estimate includes various costs, such as the initial franchise fee, training expenses, lease and utility deposits, rent, architectural plans, leasehold improvements, furniture, signage, licenses and permits, computer systems, security system, initial inventory, supplies, professional fees, fitness equipment, grand opening advertising, insurance, and operating expenses.

Prospective franchisees should note that these figures are estimates based on the experience of Fly Fitness's affiliate-owned outlets. The actual costs may vary depending on factors such as the franchisee's management skills, local economic conditions, and the specific location of the franchise. The document advises franchisees to carefully review these figures with a business advisor before making any investment decisions.

It is important to recognize that Fly Fitness cannot guarantee that franchisees will not incur additional expenses beyond these estimates. The FDD recommends that franchisees should expect to put additional cash into the business during at least the first three to six months, and sometimes longer, to cover potential shortfalls or unexpected costs. Therefore, franchisees should ensure they have sufficient capital to sustain the business during its initial operating phase.