How many company owned Fitstop outlets were operating at the start of 2022?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
et Summary For Years 2021 to 2023
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 47–49)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, at the start of 2022, there were zero company-owned Fitstop outlets. The table provided in Item 20 of the FDD outlines the number of company-owned outlets from 2021 to 2023.
Specifically, the table shows that in 2021, Fitstop had zero company-owned outlets at both the start and end of the year. This remained the same at the start of 2022, with zero company-owned outlets. It wasn't until 2023 that Fitstop opened its first company-owned outlet, ending the year with one such location.
This information is valuable for potential franchisees as it provides insight into Fitstop's business model and growth strategy. The fact that Fitstop started with no company-owned locations and only began opening them in 2023 suggests a focus on franchising as the primary method of expansion. A prospective franchisee might want to inquire about the reasons behind this strategic decision and how the performance of the new company-owned outlet may influence future franchising strategies.