VOLOFIT (unit) FDD – Franchise Information, Costs and Fees
Type of Business
The franchise is the right to own and operate a high-end, boutique fitness studio that offers members a transformative functional fitness experience based on the four pillars of strength, endurance, agility and power in a group setting, along with related products and services under the VOLOFIT® name and marks.
Corporate Information
VOLOFIT Franchising, LLC was formed as a North Carolina limited liability company on October 2, 2020. Their principal address is 2820 Selwyn Avenue., Suite 692, Charlotte, NC 28209. They have offered franchises since October 27, 2020.
Investment
The investment necessary to begin operation of a VOLOFIT franchised business ranges from $373,500 to $579,700. This includes $186,000 to $237,500 that must be paid to franchisor or its affiliates.
If you and the franchisor enter into an area development agreement under which you agree to acquire multiple VOLOFIT Business franchises, the total investment necessary to do so is payment to the franchisor of a development fee, the amount of which depends on the number of franchises you agree to acquire. On signing the agreement, you will pay the franchisor a development fee equal to 50% of the initial franchise fee due under each franchise agreement you agree to execute per the area development agreement. A typical area development agreement would require that you acquire at least 3 franchises, so the typical development fee would be $62,500.00, all of which is paid to the franchisor.
