How many Fitstop outlets were open at the start of 2022?
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 |
|---|---|---|---|---|---|---|
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 1 | 0 | 0 | 0 | 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 outlets open at the start of 2022. The provided table data indicates that for the years 2021, 2022 and 2023, the number of outlets at the start of each year was zero.
This suggests that Fitstop is a relatively new franchise system, or that it has not yet established a significant presence in the market as of the years covered in the table. A potential franchisee should consider this when evaluating the brand's market penetration and growth trajectory.
It's important to note that while there were no outlets open at the start of 2022, Fitstop opened one outlet in 2023, which was company-owned. This indicates some growth and activity within the franchise system during that period.