When is the Fly To Fit Third-Party Vendor fee due?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Third party vendors | Pass-through of costs, plus reasonable administrative charge. Currently, none. | Varies | We have the right to require franchisees to use third-party vendors and suppliers that we designate. Examples can include computer support vendors, mystery shopping, and customer feedback systems. The vendors and suppliers may bill franchisees directly, or we have the right to collect payment for these vendors together with a reasonable markup or charge for administering the payment program. |
Source: Item 6 — OTHER FEES (FDD pages 12–16)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, the due date for third-party vendor fees varies. Fly To Fit has the right to require franchisees to use designated third-party vendors and suppliers, which may include computer support vendors, mystery shopping services, and customer feedback systems.
The vendors and suppliers may bill Fly To Fit franchisees directly. Alternatively, Fly To Fit has the right to collect payments for these vendors, potentially including a reasonable markup or charge for administering the payment program.
Because the due date varies, prospective Fly To Fit franchisees should confirm with Fly To Fit which vendors are currently in use, how those vendors bill for their services, and what the typical payment schedule looks like. Understanding these details will help franchisees budget and manage their cash flow effectively.