What is the time limit for Fly To Fit to approve or disapprove a proposed site?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
- (iv) The time limit for us to approve or disapprove your proposed site is 30 days after you submit all of our required documents and information. (Section 6.1).
If we and you cannot agree on a site, you will be unable to comply with your obligation to develop and open the franchise by the deadline stated in the franchise agreement.
Unless we agree to extend the deadline, you will be in default and we may terminate your franchise agreement.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 23–30)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, Fly To Fit has a 30-day time limit to approve or disapprove a franchisee's proposed site. This 30-day period starts once the franchisee has submitted all required documents and information about the site to Fly To Fit.
This is a fairly standard timeframe in the franchise industry. It gives Fly To Fit enough time to adequately assess the location without unduly delaying the franchisee's progress. The factors Fly To Fit considers during this approval process include the general location, neighborhood, competition, trade area demographics, traffic patterns, parking, size and physical characteristics of existing buildings, and lease terms.
It is important to note that if Fly To Fit and the franchisee cannot agree on a site, the franchisee may not be able to meet the opening deadline specified in the franchise agreement. If the franchisee fails to meet this deadline, they could be in default, potentially leading to the termination of the franchise agreement unless an extension is agreed upon.