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

According to Fly To Fit's 2024 Franchise Disclosure Document, the operating income for the company-owned outlet in 2023 was $116,187.02. This figure is derived from the company-owned outlet's total income of $221,095.66, cost of goods sold of $311.21, resulting in a gross profit of $220,784.45. After subtracting total operating expenses of $104,597.43, the operating income is calculated.

It is important to note that these figures are based on the performance of a company-owned outlet and may not be representative of the results a franchisee can expect. The FDD explicitly states that individual results may vary, and there is no assurance that a franchisee will achieve similar sales or earnings. Prospective franchisees should carefully consider these figures as estimates and understand that their own financial performance may differ.

Additionally, the FDD provides a detailed breakdown of the various operating expenses contributing to the total of $104,597.43. These expenses include advertising ($4,213.66), bank service charges ($8,221.10), business licenses and fees ($643.68), dues and subscriptions ($2,403.03), insurance ($3,119.87), meals and entertainment ($102.20), other expenses ($42,150.27), payroll tax expense ($10,607.43), professional fees ($252.70), and wages and salaries ($32,883.49). Understanding these specific expenses can help a potential franchisee anticipate the costs associated with running a Fly To Fit franchise.

Fly To Fit also includes information regarding other income, such as vendor refunds, which totaled $1,784.58. When combined with other income of $416.15, the total other income amounts to $2,200.73. This "other income" contributes to the net income of $118,387.75. Prospective franchisees should investigate what comprises "other income" to better understand the revenue streams of a Fly To Fit franchise.