factual
What does the Fly To Fit non-compliance cure cost and fee cover?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
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| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Special inspection fee | Currently $600, plus our out-of-pocket costs | On demand | Payable only if we conduct an inspection of your business because of a governmental report, customer complaint or other customer feedback, or your default or non-compliance with any system specification. |
| Non-compliance cure costs and fee | Our out-of-pocket costs and internal cost allocation, plus 10% |
Source: Item 6 — OTHER FEES (FDD pages 12–16)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, if a franchisee is non-compliant with the franchise agreement, Fly To Fit may take action to correct the non-compliance on the franchisee's behalf.
The non-compliance cure costs and fee cover Fly To Fit's out-of-pocket expenses and internal cost allocation, in addition to a 10% administrative fee. For example, if a Fly To Fit franchisee fails to maintain the required insurance, Fly To Fit may purchase the insurance coverage for the franchisee.
The franchisee is then responsible for reimbursing Fly To Fit for the cost of the insurance, plus the 10% administrative fee. This fee is due when billed to the franchisee.
Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.