What was the net income for a Fly To Fit franchise in 2023?

According to Fly To Fit's 2024 Franchise Disclosure Document, the net income for the company-owned outlet in 2023 was $118,387.75. This figure is derived from the company-owned outlet's total income of $221,095.66, less the cost of goods sold ($311.21) and total operating expenses ($104,597.43), plus other income and vendor refunds totaling $2,200.73. It's important to note that this data represents the financial performance of a single, company-owned location and is not a projection of future performance for franchised locations. Fly To Fit emphasizes that individual results may vary, and there is no guarantee that a franchisee will achieve the same level of income.

Fly To Fit provides a detailed breakdown of the income and expenses contributing to the net income figure. The operating expenses include costs such as advertising ($4,213.66), bank service charges ($8,221.10), business licenses and fees ($643.68), insurance ($3,119.87), payroll tax expense ($10,607.43), and wages and salaries ($32,883.49). This level of detail can be helpful for prospective franchisees in understanding the various costs associated with operating a Fly To Fit franchise.

It is important for potential franchisees to understand that the financial performance representation is based on a company-owned outlet, and the FDD explicitly states that there is no assurance that franchisees will achieve similar results. Fly To Fit also notes that they do not make any representations about a franchisee's future financial performance, except for what is included in Item 19. Prospective franchisees should carefully consider these factors and conduct their own due diligence, including seeking professional advice, before making an investment decision. Fly To Fit also makes available written substantiation of the information contained in Item 19 upon reasonable request.