What is the name of the agreement that allows a Fly To Fit franchisee to establish additional outlets?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
If you sign a franchise agreement with us, you will develop and operate a fitness studio offering specialized bungee fitness classes, under the trade name Fly To Fit. If you sign a Multi-Unit Development Agreement (attached as Exhibit C to this disclosure document), you will develop multiple Fly To Fit outlets, on an agreed-upon schedule. For each future unit franchise, we will require you to sign our then-current form of franchise agreement, which may be different from the form of franchise agreement included in this disclosure document.
Source: Item 12 — TERRITORY (FDD pages 30–31)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, a franchisee can develop multiple Fly To Fit outlets by signing a Multi-Unit Development Agreement. This agreement, attached as Exhibit C to the FDD, outlines the schedule for developing these multiple units.
For each subsequent franchise unit, the franchisee is required to sign Fly To Fit's current form of franchise agreement. This agreement may differ from the one included in the current FDD and could include different terms and fees.
This means that while the Multi-Unit Development Agreement sets the stage for expansion, each new location will be governed by the franchise agreement in effect at that time. Prospective franchisees should carefully review Exhibit C and understand that future franchise agreements may have different terms than the initial agreement.