How is the Fly To Fit Marketing Fund Contribution collected?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Royalty | 6% of your gross sales | Monthly, by the 1st Tuesday of the following month | See Note 1 and Note 2. |
| Marketing Fund Contribution | 1% of your gross sales | Monthly, by the 1st Tuesday of the following month | See Item 11 for a detailed discussion about these funds. Amounts due will be withdrawn by electronic wire transfer from your designated bank account. |
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 Marketing Fund Contribution is collected monthly via electronic wire transfer. The contribution is 1% of the franchisee's gross sales and is due by the 1st Tuesday of the following month. Item 11 of the FDD provides a detailed discussion about the marketing fund.
Fly To Fit requires franchisees to pay the marketing fund contribution, along with other fees, to the franchisor. The funds are non-refundable. While the fees are generally uniform for all franchisees, Fly To Fit retains the right to change, waive, or eliminate fees for individual franchisees at its discretion.
Prospective franchisees should carefully review Item 11 of the FDD to understand how the marketing fund is managed and how the funds are used to benefit the Fly To Fit franchise system. Understanding the allocation of these funds can help a franchisee assess the value they receive for their contribution.