What is the administrative fee charged by Fly To Fit Franchise for curing a franchisee's default?

According to Fly To Fit's 2024 Franchise Disclosure Document, if a franchisee defaults and Fly To Fit Franchise takes action to remedy the default, the franchisee is responsible for reimbursing Fly To Fit for all associated costs and expenses, including internal costs. In addition to covering these costs, Fly To Fit Franchise will charge a 10% administrative fee. This fee is calculated on top of the total costs incurred by Fly To Fit in addressing and resolving the franchisee's default.

This means that a Fly To Fit franchisee needs to be aware that curing a default can be costly. Besides the direct expenses incurred by Fly To Fit, the franchisee will also have to pay an additional 10% administrative fee. This could potentially add a significant amount to the overall cost of resolving a default situation.

It is important for prospective franchisees to understand the implications of this policy and to maintain open communication with Fly To Fit to prevent defaults and address any issues promptly. Understanding the costs associated with curing a default can help franchisees budget accordingly and prioritize compliance with the franchise agreement.