How many Fitstop outlets were operating at the end of 2023?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
| 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, at the end of 2023, there was a total of 1 outlet operating. This single outlet was company-owned, as there were zero franchised outlets operating at that time. This information is derived from the 'Systemwide Outlet Summary' table, which provides a breakdown of both franchised and company-owned outlets.
Specifically, the table shows that for franchised outlets, the number at the start of 2023 was 0, and the number at the end of 2023 remained 0. For company-owned outlets, the number at the start of 2023 was 0, but the number at the end of 2023 was 1, representing a net change of +1. The total number of outlets, combining both franchised and company-owned, also reflects this change, going from 0 at the start of 2023 to 1 at the end of the year.
This indicates that Fitstop was in its early stages of franchising as of 2023, with only one company-owned outlet in operation. Prospective franchisees should take this into account and conduct thorough due diligence to assess the brand's growth potential and support system for franchisees as it expands its network.