How many Bft outlets opened in Minnesota during 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 | 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 outlets opened in Minnesota during 2023. The table provided in Item 20 of the FDD details outlet information by state and year. For Minnesota in 2023, the table indicates '0' outlets opened.
This information is relevant for prospective franchisees as it provides insight into the brand's growth and presence in specific geographic areas. A lack of new openings in a particular state could indicate a slower growth strategy, market saturation, or other regional challenges.
It is important to note that while no new Bft locations opened in Minnesota during 2023, one location did open in 2024. This suggests a potential change in the brand's focus or market conditions in the state. Prospective franchisees should further investigate the reasons behind the lack of openings in 2023 and the subsequent opening in 2024 to assess the market opportunity and potential risks in Minnesota.