How many Fitstop outlets were operating at the start of 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 |
|---|---|---|---|---|---|---|
| 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 Fitstop outlets operating at the start of 2021. This is based on the systemwide outlet summary provided in Item 20, which tracks outlet openings, closures, and transfers. The table shows that the number of outlets at the start of 2021 was zero.
This indicates that Fitstop is a relatively new franchise system, or that it has not yet established any franchised or company-owned locations as of the beginning of 2021. A prospective franchisee should consider this when evaluating the brand's track record and market presence. It's important to note that while the systemwide total was zero, this doesn't necessarily mean there was no activity at all; it simply means there were no established outlets at that time.
For a potential franchisee, this information highlights the importance of thorough due diligence. It would be prudent to investigate Fitstop's growth strategy, market research, and plans for supporting new franchisees in the absence of a pre-existing network of operating locations. Understanding the reasons behind the absence of outlets at the start of 2021 and the subsequent growth (or lack thereof) in later years is crucial for assessing the franchise's potential and associated risks.