How many Body20 studios in Illinois ceased operations for other reasons in 2023?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | |||
| Illinois | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | |
| 2024 | 1 | 2 | 0 | 0 | 0 | 0 | 3 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 69–74)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, one Body20 studio in Illinois ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor during 2023. At the start of 2023, there was one studio in Illinois. During 2023, one new studio opened, but one studio also ceased operations for other reasons, leaving one studio at the end of the year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Body20 franchises in specific locations. Understanding why a studio might cease operations, especially for reasons other than typical franchise agreement issues, can help a prospective franchisee evaluate the risks associated with investing in a Body20 franchise in Illinois.
It is important to note that 'other reasons' for ceasing operations are not defined in this section of the FDD. A potential franchisee should ask Body20 for more details about the specific reasons for the closure to fully understand the context and assess whether these reasons could impact their own potential franchise. This inquiry would provide a clearer picture of the challenges and opportunities within the Illinois market.