What were the total operating expenses for Fly Fitness in 2022?

According to Fly Fitness's 2024 Franchise Disclosure Document, the total operating expenses for the company in 2022 were $155,540. These expenses include several categories such as advertising and promotion, amortization, computer and internet, franchise costs, legal and professional fees, meals and entertainment, office expense, salaries and wages, and website costs.

For a prospective franchisee, understanding these operating expenses is crucial. It provides insight into the costs Fly Fitness incurs to run its franchising operations. This information can be helpful in benchmarking and comparing the franchisor's expenses with industry standards or other franchise opportunities.

It is important to note that in 2022, Fly Fitness did not have any operating revenue, resulting in a net loss of $155,540. This was before any franchises had been issued or opened. The financial performance of the franchisor can impact the support and resources available to franchisees, so understanding the franchisor's financial health is an important part of the due diligence process.