What is the range of the initial franchise fee for a Fly To Fit franchise?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
CHISE AGREEMENT
| Type of expenditure | Amount | Method of payment | When due | To whom payment is to be made | |
|---|---|---|---|---|---|
| Initial franchise fee (see | $30,000 - | $30,000 | Check or wire transfer | Upon signing the franchise agreement | Us |
| Not |
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 initial franchise fee ranges from $30,000 to $30,000. This fee is paid via check or wire transfer upon signing the franchise agreement and is payable to Fly To Fit.
It is important to note that this is the initial franchise fee for a single unit. The FDD also mentions a Multi-Unit Development Agreement (MUDA) where the franchise fee is reduced to $25,000 for the second and each additional franchise, assuming the franchisee signs a MUDA for three to five franchises. These fees are paid upon signing the MUDA.
Prospective franchisees should consider the implications of both options: opening a single unit versus committing to multiple units under a development agreement. The total initial investment for a single Fly To Fit franchise is estimated to be between $94,200 and $183,500, while the total estimated initial investment for a Multi-Unit Development Agreement is $120,200 to $288,500.