What was the net change in the number of franchised Body20 studios during 2023?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Studio Type | Year | Studios at the | Studios at the | Net Change |
|---|---|---|---|---|
| Start of the Year | End of the Year | |||
| Franchised | 2022 | 12 | 14 | +2 |
| 2023 | 14 | 45 | +31 | |
| 2024 | 45 | 61 | +16 | |
| Affiliate-Owned | 2022 | 0 | 1 | +1 |
| 2023 | 1 | 1 | 0 | |
| 2024 | 1 | 1 | 0 | |
| Total Studios | 2022 | 12 | 15 | +3 |
| 2023 | 15 | 46 | +31 | |
| 2024 | 46 | 63 | +16 |
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 net change in the number of franchised studios during 2023 was an increase of 31 studios. At the start of 2023, there were 14 franchised Body20 studios, and by the end of the year, that number had grown to 45. This indicates a significant expansion of the franchise network during that year.
For a prospective franchisee, this growth trend could be seen as a positive indicator of the brand's momentum and market acceptance. However, it's important to investigate further to understand the reasons behind this growth. Factors such as the overall health of the fitness industry, the effectiveness of Body20's business model, and the level of support provided to franchisees could all contribute to this expansion.
It is also important to note that while the number of studios increased, there were also some terminations. Specifically, the FDD indicates that there were 3 terminations and 1 studio that ceased operations for other reasons. This suggests that while the franchise system is growing, not all locations are successful. A prospective franchisee should inquire about the reasons for these closures and what Body20 is doing to support struggling franchisees.
Overall, the net increase of 31 franchised Body20 studios in 2023 suggests a period of significant growth for the franchise. However, prospective franchisees should conduct thorough due diligence to understand the factors driving this growth and the challenges faced by some franchisees within the system.