How many Bft outlets in California did not renew their franchise agreement 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 |
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 zero non-renewals of franchise agreements in California during 2024. The table provided in Item 20 of the FDD outlines outlet information, including openings, terminations, and non-renewals. Specifically, for California in 2024, the 'Non-Renewals' column indicates a value of 0.
This means that all Bft franchises in California that were eligible for renewal in 2024 chose to renew their agreements. This could be a positive sign for prospective franchisees, suggesting that existing franchisees find value in the Bft brand and business model.
It is important to note that while no franchises in California experienced non-renewals, one Bft outlet in California ceased operations for other reasons in 2024. This distinction is important because 'Non-Renewals' specifically refers to instances where a franchisee chooses not to extend their agreement, while 'Ceased Operations – Other Reasons' could encompass a variety of factors such as business failure, relocation, or other unforeseen circumstances.