Since our fitness franchise for kids is such an attractive opportunity for a wide range of investors with varied backgrounds, we realize not every applicant is familiar with the ins and outs of the franchise world. At Amazing Athletes, we prioritize education, not just of our students, but of our franchise candidates as well. With that in mind, below is a brief breakdown of one of the most important documents you’ll go over before opening your Amazing Athletes location — the Franchise Disclosure Document, or FDD.
Document Basics
During the initial stages of the franchise process, investors go over a flurry of information. Given that, it might be hard to keep track of everything you’ll want to learn — from your financial requirements, training, support, and just general information about the brand itself. So think of the FDD as an all-encompassing resource of your new fitness franchise for kids. The FDD includes information on all these subjects and so much more. Sections that cover these topics are broken down into “Items.” Because an FDD is so important and covers so much territory, a franchisee is has a minimum of two weeks to review it, and will be given time to bring up any questions before signing any documents.
Item 1-2: Get to Know Your Franchisor
While you may be aware of your brand’s mission and service, you may want to get to know more about the brand’s history and its key players. In the first two Items of the Amazing Athletes FDD, you’ll learn exactly that. Items 1 an 2 include a full breakdown of the company, our parent entity, predecessors, and affiliates, along with a quick rundown of our management team. You’ll be able to not just learn more about the Amazing Athletes brand, but also discover more about our highly qualified and well-educated team of founders.
Item 5-7: Responsible Fees
Making the best financial decision possible is all about having all of the numbers in front of you. Our Amazing Athletes team is excited about the opportunity for expansion, but what is just as important is doing so with the best financial interests of our business owners in mind. That said, investors are encouraged to review these three sections of the FDD, which break down initial and ongoing fees, along with a full estimated initial investment number. By assessing these price-points and gauging your unique situation, you’ll be in a better position to make the best financial decision possible.
Item 19: Financial Performance
If you’re wondering about the profitability or the possible financial performance of your potential location, Item 19 is where investors can go to gain some insight. While many brands choose not to include this section in their FDD, Amazing Athletes knows there is incredible value to including it. We want to further your knowledge about our brand and market to best prepare you for business ownership. Item 19 provides comprehensive insight into both the demands of your fitness franchise for kids and even the possibility of opening multiple locations.
Of course, when it comes to an FDD, there is plenty to discuss. Our team is here to answer your questions regarding the document or any other aspect of our fitness franchise for kids. Feel free to contact us today!
