Does the company-owned Fly To Fit location differ substantially from future franchise-owned locations?

According to Fly To Fit's 2024 Franchise Disclosure Document, the company-owned location does not differ substantially from future franchise-owned locations. This statement is part of Item 19, which covers financial performance representations. The document provides financial results based on the company-owned outlet's performance from January 1, 2023, to December 31, 2023.

The financial data includes details such as $221,095.66 in total income, $311.21 in total cost of goods sold, and $104,597.43 in total operating expenses, resulting in a net income of $118,387.75. These figures are presented to give prospective franchisees an idea of the potential financial performance they might achieve. However, the FDD also notes that individual results may vary, and there is no assurance that franchisees will achieve the same level of sales or earnings.

Fly To Fit estimates royalty fees at $11,054.78 and marketing fund fees at $2,210.96. These estimated expenditures are calculated as 5% for royalty and 1% for the marketing fund, even though the company-owned outlet does not actually pay these fees. The FDD emphasizes that the financial performance representations are historic and not projections of future performance.

Prospective franchisees should carefully review the financial performance data and consider that their individual results may differ. Fly To Fit also advises that if franchisees receive any financial performance information outside of Item 19, they should report it to the franchisor's management, the Federal Trade Commission, and the appropriate state regulatory agencies.