Where can I find the names of all current Fly To Fit franchisees?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
Exhibit H contains the names of all current franchisees (as of the end of our last fiscal year) and the address and telephone number of each of their outlets.
Names of all current franchisees (as of the end of our last fiscal year) and the address and telephone number of each of their outlets:
None
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, the names of all current franchisees, as of the end of the last fiscal year, along with the address and telephone number of each of their outlets, should be listed in Exhibit H. However, the document states that Exhibit H lists 'None' for both current and former franchisees. This indicates that as of the end of the last fiscal year, Fly To Fit had no active franchisees.
This is a crucial point for potential franchisees. The absence of current franchisees could signify a very new franchise system, a system that has struggled to retain franchisees, or a business model that relies primarily on company-owned outlets. It is essential to understand why there are no current franchisees before investing.
Prospective franchisees should directly ask Fly To Fit about the reasons for not having any current franchisees. Understanding the history of the franchise system, the number of previous franchisees, and the reasons for their departure (if any) is vital for making an informed decision. Additionally, inquiring about the company's strategy for attracting and supporting franchisees in the future is advisable.