Does Fly To Fit provide assurance that franchisees will sell or earn as much as some outlets have?

According to Fly To Fit's 2024 Franchise Disclosure Document, Fly To Fit does not provide assurance that franchisees will achieve the same sales or earnings as some existing outlets. While some outlets have attained a certain level of financial performance, Fly To Fit explicitly states that individual results may vary. This means that a prospective franchisee should not rely on the past performance of other outlets as a guarantee of future success. The financial performance representation is based on the company owned outlet from 1/01/2023 to 12/31/2023. The income for sales was $221,095.66 with a net income of $118,387.75. The estimated royalty fees are $11,054.78 and estimated marketing fund fees are $2,210.96.

This disclaimer is standard practice in the franchise industry. Franchisors are generally prohibited from making guarantees or predictions about future financial performance, as a franchisee's success depends on many factors, including location, management skills, local market conditions, and the franchisee's own efforts. Fly To Fit provides historical financial performance data for its company-owned outlet, but this information is presented as a representation of what has been achieved, not a promise of what will be achieved.

Prospective Fly To Fit franchisees should carefully review the financial performance representation in Item 19 of the FDD and consider it in light of their own circumstances and capabilities. They should also conduct their own independent research and due diligence, including speaking with existing franchisees, to get a more complete understanding of the potential risks and rewards of investing in a Fly To Fit franchise. Fly To Fit does provide written substantiation of the information contained in Item 19 upon reasonable request.

It is important for potential franchisees to understand that past performance is not necessarily indicative of future results. While Fly To Fit provides financial information to help franchisees make an informed decision, the ultimate success of the franchise depends on the franchisee's own efforts and abilities.