What is the name of the affiliate whose financial statements are included for Body20?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
ed in this Item 1.
Predecessor. Our predecessor, BODY20 Global USA, LLC, a Florida limited liability company ("Predecessor"), was formed on January 3, 2017. Predecessor was the franchisor of Studios from March 2018 to April 2025 and of BODY20® area representative businesses from March 2019 to April 2025. As of the date of this Disclosure Document, there are no BODY20® area representative businesses. Predecessor's principal business address is 207 San Jacinto Blvd., Suite 301, Austin, Texas 78701. Predecessor has never offered franchises in other lines of business. Predecessor's owners have had a minority ownership interest in one Studio operated in Texas under the terms of a franchise agreement since 2022. That Studio has been characterized in Item 20 as an "Affiliate-Owned Studio" for fiscal years 2022, 2023, and 2024. Under the terms of an asset purchase agreement dated as of April 4, 2025, we acquired from Predecessor and its owners substantially all of the assets relating to or used for the operation of Studios, including all right, title, and interest in and to the Marks and the System (each as defined below). We are not affiliated with Predecessor.
Parent and Certain Affiliates.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 74)
What This Means (2025 FDD)
Based on the 2025 Body20 Franchise Disclosure Document, Item 1 states that Body20 Franchisor LLC became the franchisor of Body20 studios on April 4, 2025. The document mentions a predecessor, BODY20 Global USA, LLC, which was the franchisor of studios from March 2018 to April 2025. However, the excerpt does not specify which affiliate's financial statements are included in the FDD.
Because the provided excerpts do not contain the name of the affiliate whose financial statements are included, a prospective franchisee should carefully review the complete FDD and its exhibits to locate the relevant financial statements.
It would also be prudent to ask the franchisor directly which entity's financials are represented and to understand the relationship between that entity and Body20 Franchisor LLC. Understanding the financial stability and performance of the entity behind the franchise system is crucial for making an informed investment decision.