What was the net change in the number of company-owned C3 Wellness Spa outlets in 2022?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
ITEM 20 OUTLETS AND FRANCHISEE INFORMATION
TABLE NO. 1 SYSTEMWIDE OUTLET SUMMARY FOR YEARS 2021 to 2023
| Outlet Type | Year | Outlets at the End of the Year | Net Change | |
|---|---|---|---|---|
| Franchised |
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, the net change in the number of company-owned outlets in 2022 was 0. The table provided in Item 20 of the FDD details the status of company-owned outlets from 2021 to 2023.
Specifically, the table shows that C3 Wellness Spa had 2 company-owned outlets at the beginning of 2022 and ended the year with 2 company-owned outlets. This indicates that no new company-owned outlets were opened, and no existing ones were closed or otherwise changed ownership during that year.
For a prospective franchisee, this information provides insight into the growth strategy of C3 Wellness Spa. The absence of change in company-owned outlets during 2022 could suggest a focus on franchise expansion rather than corporate expansion, or it could reflect a period of stability in the company's own operations. It is important to note that while there was no net change, this does not necessarily mean there were no changes at all, only that the number of openings and closures were equal.