Does a proposed assignee of a Fly To Fit franchise have to pay an initial franchise fee?

According to Fly To Fit's 2024 Franchise Disclosure Document, a proposed assignee will not be required to pay an initial franchise fee. However, Fly To Fit has the right to impose other conditions before consenting to the transfer of the franchise.

Fly To Fit may require the payment of a transfer fee equal to $10,000, plus any broker fees and out-of-pocket costs incurred by Fly To Fit. The proposed assignee must also complete Fly To Fit's franchise application processes, meet the then-applicable standards for new franchisees, and be approved by Fly To Fit as a franchisee. Additionally, the proposed assignee must not be a competitor and must execute Fly To Fit's then-current form of franchise agreement and any related documents.

All owners of the proposed assignee must provide a guaranty, and the franchisee must have paid all monetary obligations to Fly To Fit and its affiliates, as well as to any lessor, vendor, supplier, or lender to the business. The franchisee must not be in default or breach of the agreement or any other obligation owed to Fly To Fit or its affiliates. The proposed assignee and its owners and employees must also undergo any training that Fly To Fit may require.