How many Bft outlets in Florida were operating at the start of 2023?
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 was one Bft outlet operating in Florida at the start of 2023. The table provided in Item 20 of the FDD outlines the status of franchised outlets from 2022 to 2024, showing the number of outlets at the start of each year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
For a prospective franchisee, this information is crucial in understanding the growth and stability of the Bft franchise in Florida. Knowing that there was an existing outlet at the beginning of 2023 provides a baseline for assessing the market and potential for further expansion. It also gives insight into the brand's presence and acceptance in the state.
The FDD also indicates that no outlets were opened, terminated, non-renewed, or reacquired by the franchisor in Florida during 2023. This suggests a stable operation during that year, with the single outlet continuing its business without changes. By the end of 2023, the number of Bft outlets in Florida remained at one.
This data helps potential franchisees evaluate the risk and opportunity associated with investing in a Bft franchise in Florida. While the number of outlets remained constant in 2023, the subsequent increase to three outlets by the end of 2024 indicates potential for growth and expansion in the Florida market.