When is the Fly To Fit Local Marketing/Required Spending payment due?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
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| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Market Cooperative Contribution | As determined by co-op. Currently, none. | Monthly, by the 1st Tuesday of the following month | We have the right to establish local or regional advertising cooperatives. The maximum contribution that a co-op may require is 5% of gross sales. |
Source: Item 6 — OTHER FEES (FDD pages 12–16)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, the Local Marketing/Required Spending fee is due monthly. This fee is 5% of your gross sales. Fly To Fit stipulates that franchisees may only use promotional materials purchased from them or provided by them.
This monthly payment structure is typical in franchising, as it allows Fly To Fit to consistently collect marketing funds and for franchisees to contribute regularly based on their ongoing sales. The restriction on promotional materials ensures brand consistency across all Fly To Fit franchise locations.
Prospective franchisees should factor this ongoing 5% of gross sales into their financial projections. They should also inquire about the specific types of promotional materials available from Fly To Fit and their costs, to ensure they can effectively market their franchise within the approved guidelines.