How many Bft outlets ceased operations for reasons other than termination, non-renewal, or reacquisition in California during 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, in California, one Bft outlet ceased operations for reasons other than termination, non-renewal, or reacquisition during 2024. At the start of 2024, there were 7 outlets, 7 opened, and 1 ceased operations for other reasons, resulting in 13 outlets at the end of the year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Bft franchises in California. Understanding the reasons why outlets cease operations, whether due to financial difficulties, poor location, or other factors, can help franchisees assess the risks and opportunities associated with investing in a Bft franchise in that specific state.
It's important to note that 'ceased operations - other reasons' can encompass a variety of situations, and further investigation into the specific reasons for these closures would be beneficial for prospective franchisees. This data, combined with other factors such as market conditions and competition, can contribute to a more informed decision-making process.