How many company-owned Fitstop outlets were operating at the end of 2023?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 | 0 | 0 | |
| Company Owned | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | +1 | |
| Total Outlets | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | +1 |
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. The table shows that Fitstop did not have any company-owned locations in 2021 or 2022.
In 2023, Fitstop started the year with zero company-owned outlets and ended the year with one, indicating a net change of one company-owned outlet during that year. This suggests that Fitstop began to invest in company-owned locations in 2023, which could be a strategic move to test new markets or refine operational strategies before expanding through franchising.
For a prospective franchisee, this information is relevant because it provides insight into Fitstop's business model and growth strategy. The fact that Fitstop only recently started operating company-owned locations may indicate that the franchise system is still relatively new. It would be prudent for a potential franchisee to inquire about the performance and strategic goals of this single company-owned location to better understand Fitstop's future plans and support for franchisees.