How many franchised C3 Wellness Spa outlets were operating 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 no franchised outlets operating at the end of 2023. The provided table summarizes the systemwide outlet count for the years 2021 to 2023. For franchised locations, the table indicates that the number of outlets at the end of each year (2021, 2022, and 2023) was 0. This suggests that C3 Wellness Spa had not yet begun franchising or opening franchised locations as of the end of 2023.
In contrast, C3 Wellness Spa did have company-owned outlets during this period. The table shows that the number of company-owned outlets remained constant at 2 for each year from 2021 to 2023. This indicates that the company's initial strategy focused on establishing company-owned locations before expanding through franchising.
For a prospective franchisee, this information highlights that C3 Wellness Spa is a relatively new franchise system. The absence of existing franchised locations could present both opportunities and risks. On one hand, early franchisees might have the advantage of entering a market with less competition from within the franchise system. On the other hand, there is less historical data and experience to draw upon when evaluating the potential success of a C3 Wellness Spa franchise.