What is the estimated range for furniture, fixtures, and equipment expenses for a Fly To Fit franchise?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
CHISE AGREEMENT
| Type of expenditure | Amount | Method of payment | When due | To whom payment is to be made | |
|---|---|---|---|---|---|
| Initial franchise fee (see | $30,000 - | $30,000 | Check or wire transfer | Upon signing the franchise agreement | Us |
| Note 1) | |||||
| Rent and Lease Security | $2,500 - | \ |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 16–19)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, the estimated cost for furniture, fixtures, and equipment ranges from $15,000 to $30,000. This expense covers the necessary items to outfit the Fly To Fit studio. Franchisees must purchase these items from Fly To Fit's approved vendors and suppliers.
This cost is due as incurred and paid via check, debit, or credit card to Fly To Fit's affiliate, vendors, and suppliers. Note 3 in the FDD indicates that the bungee systems used for fitness classes are included in this category of expenses.
Prospective Fly To Fit franchisees should carefully consider this investment, ensuring they have sufficient capital to meet these requirements. It is important to confirm with Fly To Fit the specific vendors and suppliers to budget accurately and understand the payment schedule to manage cash flow effectively during the initial setup phase.