During 2022-2024, did the Predecessor of Body20 own any studios?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
Our fiscal year ends on December 31 of each year. As we acquired the BODY20® franchise system in April 2025, Predecessor was the franchisor for fiscal years 2022, 2023, and 2024. During that period, Predecessor's owners held a minority ownership interest in one Studio, which was operated in Texas under the terms of a franchise agreement with Predecessor. That Texas Studio has been categorized as an "Affiliate-Owned Studio" in this Item 20.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 69–74)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, the Predecessor of Body20 held a minority ownership in one studio during the fiscal years 2022, 2023, and 2024. This studio was located in Texas and operated under the terms of a franchise agreement with the Predecessor. The FDD categorizes this studio as an "Affiliate-Owned Studio".
Specifically, the tables in Item 20 show that Body20's Predecessor had one affiliate-owned studio in Texas at the end of each year from 2022 through 2024. In 2022, the affiliate-owned studio increased from zero to one. From 2023 to 2024, the number of affiliate-owned studios remained constant at one.
This information is relevant for prospective franchisees as it provides insight into the ownership structure of Body20 prior to its acquisition. Understanding the performance and operation of affiliate-owned studios can offer valuable context when evaluating the potential of a Body20 franchise. It is important to note that the current Body20 also operates one studio in Illinois under a management agreement, with plans to purchase it in August 2025.