How did Bft calculate the average Monthly New Memberships for the Qualified Studios?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
We calculated the average Monthly New Memberships as follows: (a) we totaled the number of Monthly New Memberships for each calendar month during the Measurement Period for each Qualified Studio; then (b) we calculated a simple average of the Monthly New Memberships for the entire Measurement Period to determine the average Monthly New Memberships during the Measurement Period for each Qualified Studio; then (c) we calculated a simple average of all such Qualified Studios' average Monthly New Memberships to determine the average Monthly New Memberships for all 29 Qualified Studios noted above. We also show the range and median of Monthly New Memberships for all 29 Qualified Studios.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 67–75)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the average Monthly New Memberships for the Qualified Studios was calculated using a three-step process. First, Bft totaled the number of Monthly New Memberships for each calendar month during the Measurement Period for each Qualified Studio. The FDD defines "Monthly New Memberships" as new Studio members who signed a studio membership agreement with a Qualified Studio for a particular calendar month. The "Qualified Studios" refers to 29 of the 49 Studios in operation as of December 31, 2024.
Next, Bft calculated a simple average of the Monthly New Memberships for the entire Measurement Period to determine the average Monthly New Memberships during the Measurement Period for each Qualified Studio. Finally, Bft calculated a simple average of all such Qualified Studios' average Monthly New Memberships to determine the average Monthly New Memberships for all 29 Qualified Studios.
In addition to the average, Bft also provides the range and median of Monthly New Memberships for all 29 Qualified Studios. This information is presented in Part A-3 of Item 19, where the 29 Qualified Studios are sorted into quartiles based on their Monthly New Memberships, ranked from highest to lowest.