What is the range of the pre-opening periods, in days, for the Body20 studios included in the financial performance representation table?

According to Body20's 2025 Franchise Disclosure Document, the length of the pre-opening periods for the studios included in Table 4 ranged from 73 days to 141 days. This data is based on 20 franchised studios that both began and concluded their pre-opening period during the reporting period, which spanned from January 1, 2024, to March 31, 2025.

For a prospective Body20 franchisee, this indicates the typical timeframe to expect between starting pre-sales and the grand opening. The pre-opening period is defined as starting on the first day the studio begins selling memberships and packages and ending the day before the grand opening. During this period, franchisees focus on pre-sales at discounted rates, conduct a soft opening with a two-week VIP trial, and sell suit base layers and apparel.

Understanding the duration of this period is crucial for financial planning. Franchisees need to manage their resources effectively to cover expenses during this phase while generating initial revenue through pre-sales. The length of the pre-opening period can impact the overall initial investment and working capital required to launch the Body20 studio successfully.

It is important to note that this range is based on a specific set of studios that met certain criteria during the reporting period. Other studios were excluded from this data if they started or concluded their pre-opening period outside of this timeframe. Therefore, prospective franchisees should consider this range as a general guideline and consult with Body20 and existing franchisees to understand potential variations based on location and other factors.