How many Bft franchises in Nevada were terminated in 2024?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
cation, or (b) it has no sales for nine consecutive months or more, whichever comes first. Thus, the total number of open Studios provided above may not equal the number of open Studios cited in XFI's publicly-filed documents.
TABLE 2 Transfer of Outlets from Franchisees to New Owners for years 2022 to 2024
| State | Year | Number of Transfers | |---|---|---| | Florida | 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 | | State | Year | Number of Transfers | |---|---|---| | Nevada | 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 | | Tennessee | 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 | | Texas | 2022 | 0 | | | 2023 | 2 | | | 2024 | 0 | | Total | 2022 | 0 | | | 2023 | 5 | | | 2024 | 0 | TABLE 3 Status of Franchised Outlets for years 2022 to 2024
| State | Year | Outlets at the Start of the Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations – Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| 2022 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 75–79)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, there were no Bft franchises terminated in Nevada during the year 2024. The provided table in Item 20 outlines the franchise activity across various states. For Nevada in 2024, the table shows '0' under the 'Terminations' column.
This indicates that none of the Bft franchises operating in Nevada were terminated by Bft or the franchisee during that year. However, the table also shows that one new Bft franchise was opened in Nevada during 2024, increasing the total number of franchises from 1 to 2.
Prospective franchisees can interpret this data as a positive sign of stability for Bft franchises in Nevada. It is important to note that terminations are only one aspect of franchise health, and further research into factors like revenue, profitability, and franchisee satisfaction is advisable.