In which states did Bft open exactly one outlet 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 | 0 | 0 | 0 | 0 | 0 | |
| Arizona | 2023 | 0 | 3 | 0 | 0 | 0 | 0 | 3 |
| 2024 | 3 | 0 | 1 | 0 | 0 | 0 | 2 | |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| California | 2023 | 1 | 6 | 0 | 0 | 0 | 0 | 7 |
| 2024 | 7 | 7 | 0 | 0 | 0 | 1 | 13 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Colorado | 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Connecticut | 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Florida | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2024 | 1 | 2 | 0 | 0 | 0 | 0 | 3 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Georgia | 2023 | 0 | 2 | 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, several states saw the opening of exactly one Bft outlet during 2024. Specifically, Kansas, Minnesota and New Jersey each had one new outlet open during that year. Nevada and North Carolina also opened one outlet, but they each had one outlet at the start of the year, and opened one outlet during the year. Missouri had one outlet open, but also had one outlet cease operations for other reasons. Therefore, at the end of 2024, Missouri had zero outlets.
It's important to note that the data reflects not just openings, but also any closures, terminations, or other changes that might affect the total number of outlets in a state. This gives a more complete picture of Bft's growth and stability in different markets.
Prospective franchisees should consider these figures when evaluating the potential for growth in their target markets. States with multiple openings may represent areas of high demand, while those with closures might indicate challenges or saturation. Understanding these trends can inform a franchisee's business plan and market strategy.