In which state did one transfer of a Body20 studio occur in 2023?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Year | Studios Opened | Studios | Studios Closed | ||||
|---|---|---|---|---|---|---|---|
| Studios | Studios | Studios | |||||
| State | at Start of Year | Reacquired From Franchisee | Sold to Franchisee | at End of the Year | |||
| Texas | 2022 | 0 | 1 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Totals | 2022 | 0 | 1 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 69–74)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, one transfer of a Body20 studio occurred in Texas during 2023. This information is based on a table that tracks studio openings, acquisitions, and transfers.
Specifically, the table provides a breakdown of studio activities by state and year. For Texas in 2023, it indicates one studio at the start of the year, no studios opened, none reacquired from a franchisee, and none sold to a franchisee, resulting in one studio at the end of the year. This suggests that the existing studio in Texas was transferred to a new owner during that year.
For a prospective Body20 franchisee, this information highlights the potential for resales or transfers within the franchise system. Understanding the conditions and processes for studio transfers is important, as it could represent an exit strategy or an opportunity to expand by acquiring an existing location. Further investigation into the reasons behind the transfer, and the financial performance of the studio prior to the transfer, would be prudent for any potential buyer.