How many Fitstop franchised outlets were open at the start 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, there were no franchised outlets open at the start of 2023. The provided tables in Item 20 show the status of franchised outlets from 2021 to 2023.
Specifically, the 'Outlets at the Start of the Year' column for franchised locations indicates a '0' for the year 2023. This means that Fitstop had not yet opened any franchised locations by the beginning of 2023.
It's important to note that while there were no franchised locations, Fitstop did have one company-owned outlet open by the end of 2023. This distinction between franchised and company-owned outlets is crucial for prospective franchisees to understand the growth and development strategy of Fitstop.