How many company-owned Fitstop outlets were open at the end of 2023?
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 end of 2023, Fitstop had one company-owned outlet. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. This table shows that Fitstop did not have any company-owned locations in 2021 or 2022.
In 2023, Fitstop opened one company-owned outlet, resulting in a net change of +1. This means that the company began the year with zero company-owned locations and ended the year with one.
For a prospective franchisee, this indicates that Fitstop is relatively new to operating its own locations, as it only began doing so in 2023. This may suggest that the franchise is still in the early stages of developing and refining its company-owned business model. It would be prudent for a potential franchisee to inquire about the performance and operational details of this single company-owned location to better understand the franchisor's direct operational experience and strategies.