In what month and year was the Body20 franchise system acquired?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
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 Body20 franchise system was acquired in April 2025. This means that the current franchisor took over the brand and its operations at that time. For prospective franchisees, this is important because the performance and history of the franchise prior to April 2025 are attributed to the predecessor.
The FDD specifies that the predecessor was the franchisor for the fiscal years 2022, 2023, and 2024. During this time, the predecessor's owners held a minority stake in a Body20 studio located in Texas, which operated under the terms of a franchise agreement with the predecessor. This Texas studio is classified as an "Affiliate-Owned Studio" in the FDD.
As a potential franchisee, it's crucial to understand the distinction between the performance of the franchise under the previous ownership and any changes implemented by the new ownership since April 2025. Reviewing the financial performance representations (if any) and understanding the operational changes made post-acquisition can provide a clearer picture of the current state and future potential of the Body20 franchise.