How many Body20 studios were operating in Illinois at the end of 2024?
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, there were 3 Body20 studios operating in Illinois at the end of 2024. The FDD provides a detailed breakdown of studio operations by state and year, including the number of studios at the start of the year, the number opened, terminations, non-renewals, re acquisitions by the franchisor, ceased operations for other reasons, and the number of studios at the end of the year. This information is crucial for prospective franchisees to understand the brand's growth and stability in specific markets.
Specifically for Illinois in 2024, the data shows that there was 1 studio at the start of the year, 2 new studios opened, and no studios closed or ceased operations for other reasons. This resulted in a total of 3 studios operating in Illinois at the end of 2024. This level of detail allows potential franchisees to assess the performance and expansion of Body20 in Illinois and compare it to other states.
Reviewing this data, a prospective franchisee can gain insights into the saturation of the Illinois market, the rate of new studio openings, and the overall health of existing studios. It's important to note that while the number of studios increased in 2024, one studio ceased operations for other reasons in 2023. This could prompt further investigation into the reasons behind such closures and the factors influencing studio success in Illinois. Understanding these trends is vital for making an informed investment decision and assessing the potential risks and opportunities associated with opening a Body20 franchise in Illinois.