How many company-owned Fitstop outlets were open in California at the start of 2021?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
| Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired From Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year | |
|---|---|---|---|---|---|---|---|
| California | 2021 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 0 | 0 | 0 | 1 | |
| Totals | 2021 | 0 | 0 | 0 | 0 | 0 | 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, there were no company-owned Fitstop outlets open in California at the start of 2021. The provided tables in Item 20 detail the outlet information, including openings, closures, and transfers, for the years 2021, 2022, and 2023. Specifically, the tables break down the number of outlets at the start and end of each year, as well as the net change, for both franchised and company-owned locations.
For company-owned outlets in California, the data indicates that at the beginning of 2021, there were zero outlets. Throughout 2021, no outlets were opened, reacquired, closed, or sold, resulting in zero company-owned outlets at the end of the year. This suggests that Fitstop's expansion into company-owned locations in California began after 2021, with the first outlet opening sometime in 2023.
This information is crucial for potential franchisees as it provides insight into Fitstop's corporate growth strategy and presence in specific regions. The absence of company-owned stores in California at the start of 2021 could indicate a relatively new market for Fitstop, potentially offering both opportunities and challenges for franchisees looking to establish a presence in that area. It's important to note that while there were no company-owned locations, the tables do not specify the number of franchised locations during this period, so further investigation may be needed to fully understand Fitstop's market penetration in California.