How many company-owned C3 Wellness Spa outlets were operating at the end of 2021?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the End of the Year | Net Change | |
|---|---|---|---|---|
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Company | 2021 | 2 | 2 | 0 |
| Owned | ||||
| 2022 | 2 | 2 | 0 | |
| 2023 | 2 | 2 | 0 | |
| Total Outlets | 2020 | 2 | 2 | 0 |
| 2021 | 2 | 2 | 0 | |
| 2023 | 2 | 2 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 55–58)
What This Means (2024 FDD)
According to C3 Wellness Spa's 2024 Franchise Disclosure Document, at the end of 2021, there were 2 company-owned outlets. The provided table, titled 'Systemwide Outlet Summary,' details the status of both franchised and company-owned outlets over a three-year period. In 2021, C3 Wellness Spa had zero franchised outlets and two company-owned outlets. The net change in company-owned outlets during 2021 was zero, indicating no new openings or closures of company-owned locations during that year.
Additionally, the FDD provides a breakdown of company-owned outlets by state. Specifically, all two company-owned C3 Wellness Spa locations were in Florida at the end of 2021. There were no terminations, non-renewals, or re acquisitions by the franchisor during that year.
This information is crucial for prospective franchisees as it provides insight into the operational structure of C3 Wellness Spa. The fact that C3 Wellness Spa operates company-owned locations alongside franchised ones can be seen as a positive sign, as it demonstrates the franchisor's direct involvement and investment in the brand. However, the limited number of company-owned locations may also suggest a greater reliance on the success of franchised outlets for overall system growth.