How many Bft outlets were operating in Nevada at the end of 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 2 Bft outlets operating in Nevada at the end of 2024. At the start of 2024, there was 1 outlet. During 2024, 1 additional outlet was opened in Nevada. There were no terminations, non-renewals, re acquisitions by the franchisor, or other reasons that caused outlets to cease operations during that year.
It is important for a prospective franchisee to note the growth and changes in outlet numbers, as this can be indicative of brand traction and market saturation. The fact that Bft added one location in Nevada during 2024 suggests some growth in the state.
Tracking the number of outlets opened, terminated, or ceasing operations can provide insight into the stability and performance of the franchise system. A high number of terminations or closures could be a red flag, while steady growth indicates a healthy and expanding franchise.