How many Body20 studios in Florida ceased operations for other reasons in 2024?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
r | Number of Transfers | |---|---|---| | 2022 | | 0 | | 2023 | | 1 | | 2024 | | 0 | | 2022 | | 0 | | 2023 | | 0 | | 2024 | | 1 | | 2022 | | 1 | | 2023 | | 1 | | 2024 | | 0 | | 2022 | | 0 | | 2023 | | 0 | | 2024 | | 1 | | 2022 | | 1 | | 2023 | | 2 | | 2024 | | 2 | Table No. 3 Status of Franchised Studios For years 2022 to 2024
| State | Year | Studios at | Studios | Terminations | Non- | Reacquired | Ceased | Studios |
|---|---|---|---|---|---|---|---|---|
| Start of the Year | Opened | Renewals | by Franchisor | Operations – Other Reasons | at End of the Year | |||
| Arizona | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 3 | 0 | 0 | 0 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| Colorad |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 69–74)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, there were no Body20 studios in Florida that ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor during 2024. The FDD provides a detailed table outlining studio activity across various states.
Specifically, for Florida in 2024, the table shows 9 studios at the start of the year, 2 studios opened, 2 terminations, 1 non-renewal, 0 reacquired by the franchisor, and 0 ceased operations for other reasons, resulting in 8 studios at the end of the year. This indicates that while there were changes in the number of studios due to openings, terminations, and non-renewals, no studios closed for other, unspecified reasons.
For a prospective franchisee, this information is valuable in understanding the stability and performance of Body20 franchises in Florida. The absence of closures for 'other reasons' may suggest a healthy franchise environment, although it's important to investigate the reasons behind the terminations and non-renewals to gain a comprehensive understanding of the market dynamics. Further due diligence, including speaking with current and former franchisees, is recommended to assess the overall health and potential risks associated with investing in a Body20 franchise in Florida.