How many Fitstop outlets in California were sold to franchisees in 2021?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
| Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired From Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year | |
|---|---|---|---|---|---|---|---|
| California | 2021 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 0 | 0 | 0 | 1 | |
| Totals | 2021 | 0 | 0 | 0 | 0 | 0 | 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, there were no Fitstop outlets in California sold to franchisees in 2021. The provided table outlines the outlet information for California, including the number of outlets at the start of the year, outlets opened, reacquired, closed, and sold to franchisees, as well as the number of outlets at the end of the year.
In 2021, the table indicates that there were 0 outlets at the start of the year, 0 outlets opened, 0 outlets reacquired from franchisees, 0 outlets closed, and 0 outlets sold to franchisees. Consequently, the number of outlets at the end of 2021 remained at 0. This suggests that Fitstop did not have any franchise transactions involving the sale of outlets to franchisees in California during that year.
This information is crucial for potential franchisees as it provides insight into the brand's growth and franchise activity within California. The absence of outlet sales to franchisees in 2021 could indicate a relatively new market or a different expansion strategy during that period. It is important to note that in 2023, one outlet was opened in California, marking the initial establishment of Fitstop in the state.