factual

Is a Fly To Fit franchise granted for a specific location?

Fly_To_Fit Franchise · 2024 FDD

Answer from 2024 FDD Document

Your franchise is for a specific location. If the specific location is not known at the time you sign a franchise agreement, then your location is subject to our approval.

Grant of Territory

Your franchise agreement will specify a territory, which will be determined by us. Your territory will have a population of approximately 100,000 to 200,000 people from the location, whichever comes first. Your territory will usually be specified as a radius around your location; however, we may use other boundaries (such as county lines or other political boundaries, streets, geographical features, or trade area).

Relocation; Establishment of Additional Outlets

You do not have the right to relocate your business, and we have no obligation to approve any request for relocation. Our policy is to approve relocation of a franchisee's business on caseby-case basis, considering factors such as changes in demographics, profitability of your current business, or a loss of your premises due to circumstances beyond your control.

You do not have the right to establish additional franchised outlets unless you sign a Multi-Unit Development Agreement ("MUDA") in the form attached as Exhibit C to this disclosure document. If you and we sign a MUDA, then you will have the right to establish a mutually-agreed number of additional outlets on a mutually-agreed schedule. Under the MUDA, your right to develop additional outlets is subject to (1) you must comply with the mutually-agreed development schedule, (2) you must have sufficient financial and organizational capacity to develop, open, operate, and manage each additional Fly To Fit business, (3) you must be in compliance with all brand requirements at your open Fly To Fit business(es), and (4) you must not be in default under any other agreement with us. We will approve the location of future sites and territories for those sites, and our then-current standards for sites and territories will apply. You are not obligated to develop additional outlets under the MUDA, and you may terminate it any time without penalty. If you do no

Source: Item 12 — TERRITORY (FDD pages 30–31)

What This Means (2024 FDD)

According to Fly To Fit's 2024 Franchise Disclosure Document, the franchise is granted for a specific location. The Franchise Agreement grants the franchisee the right to operate a Fly To Fit business solely at an approved location. If the location is not specified when the agreement is signed, Fly To Fit and the franchisee will later determine the location. The franchisee must then develop, open, and operate the Fly To Fit business at that location for the entire term of the agreement.

Fly To Fit also defines a territory for each franchise, which will be determined by Fly To Fit and typically contains a population of approximately 100,000 to 200,000 people from the location. This territory is usually specified as a radius around the location, but Fly To Fit may use other boundaries such as county lines, political boundaries, streets, geographical features, or trade areas.

The franchisee does not have the right to relocate the business, and Fly To Fit has no obligation to approve any request for relocation. Fly To Fit's policy is to consider relocation requests on a case-by-case basis, taking into account factors like changes in demographics, the profitability of the current business, or loss of premises due to circumstances beyond the franchisee's control. The franchisee also does not have the right to establish additional franchised outlets unless they sign a Multi-Unit Development Agreement.

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.