How many franchised C3 Wellness Spa outlets were open at the end of 2023?
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, there were zero franchised outlets open at the end of 2023. The provided table outlines the status of franchised outlets from 2021 to 2023. In each of those years, the number of franchised outlets remained at zero.
This indicates that, as of the end of 2023, C3 Wellness Spa had not yet successfully launched any franchised locations. All of its operational outlets were company-owned. A prospective franchisee should consider this lack of existing franchised locations as a higher-risk investment, as there is no track record of success to evaluate.
While no franchised locations were open, the FDD does indicate future growth plans. Table No. 5 projects new franchised outlet openings in the next fiscal year. Specifically, one franchise agreement was signed in North Carolina, though the outlet was not yet opened as of December 31, 2023. Additionally, the FDD projects four new company-owned outlets in Florida. This suggests that C3 Wellness Spa is focusing on expanding its company-owned presence while also beginning to introduce franchised locations.