table_specific

How many total company-owned Fitstop outlets were sold to franchisees during 2023?

Fitstop Franchise · 2024 FDD

Answer from 2024 FDD Document

et Summary For Years 2021 to 2023

| 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 |

Table No.

Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 47–49)

What This Means (2024 FDD)

According to Fitstop's 2024 Franchise Disclosure Document, no company-owned outlets were sold to franchisees during 2023. The provided table regarding the status of company-owned outlets from 2021 to 2023 indicates that in 2023, the number of company-owned outlets at the start of the year was 0, and the number at the end of the year was 1, resulting from a net change of +1. The table regarding California outlets shows that in 2023, one outlet was opened, and zero outlets were sold to franchisees.

This information is crucial for potential Fitstop franchisees as it provides insight into the company's strategy regarding company-owned versus franchised locations. The fact that no company-owned locations were sold to franchisees in 2023 could indicate a preference for maintaining company-owned operations or a lack of existing company-owned locations to sell.

A prospective franchisee might want to inquire about Fitstop's future plans for company-owned locations, including whether there are plans to sell any to franchisees in the future. Understanding the franchisor's long-term strategy can help a franchisee make an informed decision about investing in the franchise.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.