Where can I find the Multi-Unit Development Agreement form for Fly To Fit?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
If you sign a franchise agreement with us, you will develop and operate a fitness studio offering specialized bungee fitness classes, under the trade name Fly To Fit. If you sign a Multi-Unit Development Agreement (attached as Exhibit C to this disclosure document), you will develop multiple Fly To Fit outlets, on an agreed-upon schedule. For each future unit franchise, we will require you to sign our then-current form of franchise agreement, which may be different from the form of franchise agreement included in this disclosure document.
Source: Item 5 — INITIAL FEES (FDD page 12)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, the Multi-Unit Development Agreement (MUDA) form is attached as Exhibit C to the disclosure document. This agreement is relevant if a franchisee intends to develop multiple Fly To Fit outlets according to a pre-agreed schedule.
The MUDA outlines the commitments and responsibilities of both Fly To Fit and the franchisee concerning the development of multiple franchise locations. It stipulates that on the same day the MUDA is executed, both parties will also enter into a Franchise Agreement for the initial Fly To Fit business. This indicates that the MUDA is an extension of the standard franchising arrangement, designed for franchisees looking to expand their operations rapidly.
Prospective franchisees should carefully review Exhibit C to understand the full scope of their obligations under a Multi-Unit Development Agreement, including development schedules, associated fees, and any specific requirements for opening multiple Fly To Fit locations. Understanding this document is crucial for anyone considering a larger, multi-unit investment with Fly To Fit.