What is the administrative charge applied by Fly To Fit when reimbursing a franchisee's debt to a supplier?

According to Fly To Fit's 2024 Franchise Disclosure Document, Fly To Fit may, but is not obligated to, pay any amount that a franchisee owes to a supplier or other third party. If Fly To Fit elects to do so, the franchisee must repay that amount to Fly To Fit, along with an additional administrative charge.

The administrative charge is 10% of the amount Fly To Fit paid on the franchisee's behalf. The franchisee is required to pay this amount within 15 days of receiving an invoice from Fly To Fit, which will include reasonable documentation of the payment.

This arrangement provides a potential benefit to the Fly To Fit franchisee, as Fly To Fit can assist with managing supplier relationships and payments. However, it's important to note that Fly To Fit is not obligated to provide this service, and the franchisee is responsible for prompt repayment of any amounts paid on their behalf, including the administrative charge. Failing to pay within the specified timeframe could lead to late fees or other penalties as outlined elsewhere in the franchise agreement.