Are financial statements included as an exhibit in the Fly To Fit disclosure document?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
Issuance Date: 5/01/2024
I received a disclosure document dated May 1st , 2024, that included the following Exhibits:
- A. State Administrators and Agents for Service of Process
- B. Franchise Agreement (with Guaranty and Non-Compete Agreement)
- C. Multi-Unit Development Agreement
- D. Rider to Lease Agreement
- E. Form of General Release
- F. Financial Statements
- G. Brand Standards Manual Table of Contents
- H. Current and Former Franchisees
- I. State Addenda to Disclosure Document
- J. State Addenda to Agreements
Source: Item 23 — RECEIPTS (FDD pages 44–134)
What This Means (2024 FDD)
According to the 2024 Fly To Fit Franchise Disclosure Document, the document includes financial statements as an exhibit.
Specifically, Exhibit F, titled "Financial Statements," is listed as one of the exhibits included in the disclosure document. This suggests that prospective franchisees will have access to Fly To Fit's financial information, which is crucial for evaluating the financial stability and performance of the franchise system.
Reviewing these financial statements is an important step in the due diligence process for potential Fly To Fit franchisees. It allows them to assess the franchisor's financial health, understand revenue trends, and evaluate the overall financial viability of the franchise opportunity. Franchisees should carefully analyze these statements and consult with a financial advisor to make informed decisions.