How many Fitstop franchised 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 tables track the number of franchised and company-owned outlets from 2021 to 2023.
Specifically, the 'Systemwide Outlet Summary' table indicates that at the beginning of 2021, Fitstop had no franchised outlets. Throughout 2021, there were no outlets opened, reacquired, closed, or sold, resulting in zero franchised outlets at the end of the year. This suggests that Fitstop began franchising in the United States after 2021.
For a prospective franchisee, this information highlights that Fitstop is a relatively new franchise system, at least within the United States, as of the 2024 FDD. It's important to investigate further to understand the brand's history, success in other markets (if applicable), and the support and training provided to new franchisees in a developing system. It would be prudent to ask Fitstop about their growth strategy and the specific plans they have to support franchisees as the system expands.