In which state did two transfers of Body20 studios occur during 2023?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| 2022 | 0 | |
| 2023 | 1 | |
| 2024 | 0 | |
| 2022 | 0 | |
| 2023 | 0 | |
| 2024 | 1 | |
| 2022 | 1 | |
| 2023 | 1 | |
| 2024 | 0 | |
| 2022 | 0 | |
| 2023 | 0 | |
| 2024 | 1 | |
| 2022 | 1 | |
| 2023 | 2 | |
| 2024 | 2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 69–74)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, two transfers of Body20 studios occurred in Illinois during 2023. This information is based on Table No. 2, which summarizes transfers of studios from franchisees to new owners.
For a prospective franchisee, this indicates the level of change in ownership within the Body20 system. Transfers can occur for various reasons, such as franchisees selling their business, retirement, or other personal circumstances. A high number of transfers could signal instability or challenges within the franchise network, while a low number might suggest franchisee satisfaction and business success.
It is important to note that the FDD only provides data up to 2024. A prospective franchisee should inquire about more recent transfer activity to gain a complete understanding of the current state of the Body20 franchise system. Understanding the reasons behind these transfers can provide valuable insights into the health and stability of the franchise.