When did XPOF Assetco, LLC begin operations related to Bft franchising?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
XPOF Assetco, LLC (the "Company"), a Delaware limited liability company (LLC), was formed on March 6, 2023. The single member of the Company is Xponential Fitness LLC, a Delaware limited liability company (the "Member"). The Company is the direct parent and sole member of Club Pilates Franchise SPV, LLC; CycleBar Franchising SPV, LLC; Stretch Lab Franchise SPV, LLC; Stride Franchise SPV, LLC; Row House Franchise SPV, LLC; Yoga Six Franchise SPV, LLC; AKT Franchise SPV, LLC; PB Franchising SPV, LLC; Rumble Franchise SPV, LLC and BFT Franchise SPV, LLC, (together "Subsidiaries") each a Delaware limited liability corporation. The Company was formed in connection with a contemplated reorganization of Xponential Fitness LLC's structure. The Company, through its brands, licenses its proprietary systems to franchisees who in turn operate studios to promote training and instruction programs to their club members. There were no operations of the Company prior to March 6, 2023.
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, XPOF Assetco, LLC was formed on March 6, 2023, as a Delaware limited liability company. The single member of the Company is Xponential Fitness LLC. XPOF Assetco, LLC is the direct parent and sole member of BFT Franchise SPV, LLC, among other subsidiaries. The company was formed in connection with a contemplated reorganization of Xponential Fitness LLC's structure.
The FDD states that XPOF Assetco, LLC, through its brands, licenses its proprietary systems to franchisees who in turn operate studios to promote training and instruction programs to their club members. It is explicitly stated that there were no operations of the company prior to March 6, 2023.
For a prospective Bft franchisee, this means that the franchising operations under XPOF Assetco, LLC, which includes BFT Franchise SPV, LLC, officially began on March 6, 2023. This date is important for understanding the company's operational history and financial statements, as the financial data will only reflect activity from this date forward.