When is the payment due for Fly To Fit inventory?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
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| Type of expenditure | Amount | Method of payment | When due | To whom payment is to be made |
|---|---|---|---|---|
| Signage | $3,000 - $8,000 | Check, debit, and/or credit | Upon ordering | Vendor |
| Office Expenses | $500 - $1,000 | C |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 16–19)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, the payment for inventory, which ranges from $1,000 to $2,000, is due upon ordering. The acceptable methods of payment are check, debit, and/or credit. Payments are to be made to Fly To Fit or its approved vendors.
This means that a prospective Fly To Fit franchisee should be prepared to pay for their initial inventory when they place the order. This upfront payment is a standard practice in franchising, as it ensures that the franchisee has the necessary supplies to begin operations. It is important for franchisees to factor this cost into their initial investment and to have sufficient funds available when ordering inventory.
It is also important to note that the franchisee will be required to purchase the bungee systems from Fly To Fit's approved vendors and suppliers. While the table specifies that inventory payments are made to "Us, Vendors", the note clarifies that the bungee systems must be purchased through approved channels. Franchisees should confirm with Fly To Fit which specific items constitute "inventory" and who the approved vendors are to ensure compliance and avoid any delays in receiving their supplies.