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What happens if Fly To Fit and the franchisee cannot agree on a site?

Fly_To_Fit Franchise · 2024 FDD

Answer from 2024 FDD Document

If we and you cannot agree on a site, you will be unable to comply with your obligation to develop and open the franchise by the deadline stated in the franchise agreement.

Unless we agree to extend the deadline, you will be in default and we may terminate your franchise agreement.

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 23–30)

What This Means (2024 FDD)

According to Fly To Fit's 2024 Franchise Disclosure Document, if the franchisee and Fly To Fit cannot agree on a site, the franchisee will be unable to meet the obligation to develop and open the franchise by the deadline stated in the franchise agreement. Unless Fly To Fit agrees to extend the deadline, the franchisee will be in default, and Fly To Fit may terminate the franchise agreement.

Fly To Fit does not select the site for the franchisee. However, Fly To Fit will review and advise the franchisee regarding potential locations that the franchisee submits. The site is subject to Fly To Fit's approval, and the franchisee must provide all required information and documents about the site to obtain approval. Fly To Fit considers factors such as general location, neighborhood, competition, trade area demographics, traffic patterns, parking, size, physical characteristics of existing buildings, and lease terms when approving sites.

The time limit for Fly To Fit to approve or disapprove a proposed site is 30 days after the franchisee submits all required documents and information. It is important for prospective franchisees to understand these site selection and approval processes, as failure to secure an approved location within the specified timeframe can lead to default and potential termination of the franchise 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.