As of December 31, 2024, how many Bft studios were considered 'Qualified Studios'?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
As of December 31, 2024, there were a total of 49 Studios in operation in the United States, all of which were owned and operated by third-party franchisees. Of the 49 Studios, 29 were 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, a 'Qualified Studio' is defined as a studio owned and operated by a franchisee for the entire measurement period, excluding those at non-traditional sites. The measurement period for the data presented is from January 1, 2024, to December 31, 2024. As of December 31, 2024, there were 29 Bft studios that met the criteria to be considered 'Qualified Studios'.
This information is relevant to prospective franchisees as the financial performance representations in Item 19 are based on the performance of these 'Qualified Studios'. The data from these studios is used to project potential revenue, membership, and attrition rates. It is important to note that the FDD explicitly states that there is no assurance that a new franchisee will achieve the same results as the 'Qualified Studios'.
Understanding the criteria for a 'Qualified Studio' is crucial for interpreting the financial performance data. Studios at non-traditional sites, such as those within larger venues or facilities, are excluded from this data. This suggests that the performance of studios in such locations may differ significantly from the norm. A prospective franchisee should consider these factors when evaluating the potential of different locations and business models within the Bft franchise system.