Is Fly To Fit Bungee Fitness, LLC an affiliate of Fly To Fit?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
iates as Supplier
Our affiliate, Fly to Fit Bungee Fitness, LLC is currently a supplier of the bungee fitness systems you will purchase to operate the fitness studio. We reserve the right to be a supplier (or the sole supplier) of additional goods or services in the future.
Ownership of Suppliers
Outside of your requirement to use Fly to Fit Bungee Fitness for the bungee systems, none of our officers own any interest in any suppliers to our franchisees.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 19–21)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, Fly To Fit Bungee Fitness, LLC is identified as an affiliate of Fly To Fit. This has implications for franchisees, particularly regarding the sourcing of bungee fitness systems.
Specifically, Fly To Fit franchisees are required to purchase their bungee fitness products and systems from Fly To Fit Bungee Fitness, LLC. This requirement ensures brand consistency and quality control, but it also limits the franchisee's ability to shop around for potentially lower prices or alternative suppliers. While franchisees can request approval for alternative suppliers for other items, this specific requirement for bungee systems remains in place.
The FDD also states that Fly To Fit may derive revenue from these required purchases. While the document indicates that Fly To Fit's revenue from required purchases and leases in the prior fiscal year was $0, the franchise agreement does not prohibit them from receiving payments from designated suppliers in the future. This means the cost of these required purchases could potentially include a markup that benefits the franchisor. Prospective franchisees should consider this when evaluating the overall cost of investment and ongoing operational expenses.