factual
What is the administrative charge associated with the Fly To Fit Third-Party Vendor fee?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Third party vendors | Pass-through of costs, plus reasonable administrative charge. Currently, none. | Varies | We have the right to require franchisees to use third-party vendors and suppliers that we designate. Examples can include computer support vendors, mystery shopping, and customer feedback systems. The vendors and suppliers may bill franchisees directly, or we have the right to collect payment for these vendors together with a reasonable markup or charge for administering the payment program. |
Source: Item 6 — OTHER FEES (FDD pages 12–16)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, franchisees may be required to use third-party vendors and suppliers designated by Fly To Fit. These vendors can include those for computer support, mystery shopping, and customer feedback systems.
The vendors and suppliers may bill Fly To Fit franchisees directly. However, Fly To Fit retains the right to collect payments for these vendors, potentially adding a reasonable markup or charge to administer the payment program.
Currently, the administrative charge associated with the third-party vendor fee is none. However, this is subject to change at Fly To Fit's discretion.
Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.