How many franchised Fitstop outlets were operating at the start of 2021?
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 zero franchised Fitstop outlets operating at the start of 2021. The provided table, titled 'Systemwide Outlet Summary For Years 2021 to 2023', indicates that the number of franchised outlets at the start of 2021 was 0. The table also shows that the number of franchised outlets at the end of 2021 was 0, with a net change of 0 during the year.
This suggests that Fitstop may have been a relatively new franchise system at that time, or that its initial growth was focused on company-owned outlets rather than franchised locations. A prospective franchisee should further investigate the reasons behind these numbers to understand the brand's growth trajectory and business model.
It's important to note that while the table provides data up to 2023, the absence of franchised outlets at the beginning of 2021 could indicate a significant shift in the company's franchising strategy in subsequent years. Reviewing the growth in franchised locations in 2022 and 2023, as well as the projections for future franchised openings, would provide a more complete picture of Fitstop's current franchising activities.