What was the total other income/expense for a Fly To Fit franchise in 2023?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2023 | |
|---|---|
| Other Income / (Expense) | |
| Other Income | 416.15 |
| Vendor Refunds | 1,784.58 |
| Total Other Income / (Expense) | 2,200.73 |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 39–41)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, the total other income/expense for the company-owned outlet in 2023 was $2,200.73. This figure is derived from adding "Other Income" of $416.15 and "Vendor Refunds" of $1,784.58. This data represents the financial performance of the company-owned outlet during the period from January 1, 2023, to December 31, 2023.
It's important to note that these figures are based on the performance of a single, company-owned location. Fly To Fit states that individual results may vary, and there is no assurance that a franchisee will achieve similar financial performance. The FDD emphasizes that these are historic financial performance representations and not projections of future performance.
Prospective franchisees should consider this information as a reference point but should also conduct their own due diligence and market research to assess the potential financial viability of a Fly To Fit franchise in their specific location. Fly To Fit also makes available written substantiation of the information contained in Item 19 upon reasonable request.