What was the total net change in the number of 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 total net change in the number of Body20 studios during 2023 was an increase of 31 studios. This figure accounts for both franchised and affiliate-owned locations. Specifically, the number of franchised studios increased by 31, while the number of affiliate-owned studios remained the same. Therefore, the overall system experienced a net growth of 31 studios during that year.
For a prospective franchisee, this indicates a period of significant expansion for Body20. A net increase of 31 studios suggests that the franchise system is growing and potentially gaining traction in the market. This growth could translate to increased brand awareness and potentially a larger customer base for new franchisees. However, it's important to consider that rapid growth can also present challenges, such as maintaining quality control and ensuring adequate support for all franchisees.
It is also important to note that while the total number of studios increased, individual states experienced varying levels of growth. For example, Texas saw a net increase of 8 studios, while other states like Minnesota and Utah remained unchanged. This highlights the importance of considering the specific market conditions and growth potential in the franchisee's target area. A prospective franchisee should research the existing Body20 presence and market dynamics in their desired location to assess the potential for success.
Overall, the net change in the number of Body20 studios during 2023 reflects a period of expansion for the franchise system. While this growth can be seen as a positive indicator, prospective franchisees should conduct thorough due diligence to understand the specific market conditions and potential challenges in their target area. They should also inquire about the support and resources that Body20 provides to help franchisees succeed during periods of rapid growth.