What is the initial Fly To Fit franchise fee (Item 5), and is it refundable?

According to Fly To Fit's 2024 Franchise Disclosure Document, the initial franchise fee is $30,000. This fee is due when you sign the franchise agreement. Fly To Fit specifies that this initial franchise fee is not refundable.

This means that if a prospective franchisee signs the agreement but later decides not to proceed with opening a Fly To Fit franchise, they will not receive a refund of the $30,000 fee. This is a standard practice in franchising, as the initial fee covers Fly To Fit's initial costs in evaluating the franchisee, providing training, and setting up the franchise.

For franchisees considering a Multi-Unit Development Agreement with Fly To Fit, the initial franchise fee is reduced to $25,000 for the second and each additional franchise. These fees are payable upon signing the Multi-Unit Development Agreement. As with the single-unit franchise agreement, these fees are also non-refundable.