What is the estimated range for furniture, fixtures, and equipment 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 initial investment for furniture, fixtures, and equipment ranges from $15,000 to $30,000. This cost is paid as incurred to Fly To Fit's affiliate, vendors, and suppliers via check, debit, or credit card. Note 3 of Item 7 states that franchisees are required to purchase these items from Fly To Fit's approved vendors and suppliers.
This investment covers all necessary furniture, fixtures, and equipment needed to set up the Fly To Fit studio. It's important to note that the actual bungee systems used for fitness classes must be purchased through approved vendors. This ensures that all franchisees use standardized and approved equipment, maintaining brand consistency and safety standards across all locations.
Prospective franchisees should carefully consider this cost when planning their initial investment. It is advisable to confirm with Fly To Fit a detailed list of required furniture, fixtures, and equipment, as well as the approved vendors, to better understand the potential expenses. Understanding these costs upfront will help in accurate budgeting and financial planning for the franchise.