factual

Where can I find the contact information of former Fly To Fit franchisees?

Fly_To_Fit Franchise · 2024 FDD

Answer from 2024 FDD Document

telephone number of each of their outlets.

Former Franchisees

Exhibit H contains the name, city and state, and current business telephone number, or if unknown, the last known home telephone number of every franchisee who had an outlet terminated, canceled, not renewed, or otherwise voluntarily or involuntarily ceased to do business under the franchise agreement during the most recently completed fiscal year or who have not communicated with us within 10 weeks of the disclosure docu

Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 41–44)

What This Means (2024 FDD)

According to Fly To Fit's 2024 Franchise Disclosure Document, Exhibit H contains information on former franchisees. Specifically, Exhibit H includes the name, city, state, and current business telephone number, or if unknown, the last known home telephone number, of every franchisee who had an outlet terminated, canceled, not renewed, or otherwise voluntarily or involuntarily ceased to do business under the franchise agreement during the most recently completed fiscal year. It also includes franchisees who have not communicated with Fly To Fit within 10 weeks of the disclosure document issuance date. However, the exhibit provided in this document indicates that there are no former franchisees to list.

This means that for the period covered by the 2024 FDD, there were no franchisees who left the Fly To Fit system under the conditions requiring disclosure. This could be interpreted positively, suggesting a stable franchise system with no recent failures or terminations. However, it is essential to investigate further to understand the reasons behind this lack of former franchisees.

As a prospective franchisee, it would be prudent to ask Fly To Fit about the historical turnover rate of franchisees beyond the scope of the most recent fiscal year. Understanding the reasons for any past terminations or non-renewals, even if they are not listed in the current FDD, can provide valuable insights into the challenges and successes within the Fly To Fit franchise system. You may also want to inquire about the criteria and process Fly To Fit uses to determine whether a franchisee's contact information is included in Exhibit H, ensuring you understand how the information is collected and reported.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.