What was the net change in the total number of Fitstop outlets during 2023?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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, the net change in the total number of Fitstop outlets during 2023 was an increase of one location. The FDD provides a systemwide outlet summary for 2021 to 2023. In 2023, the number of company-owned Fitstop outlets increased by one. There were no franchised Fitstop locations during this period. Therefore, the total net change in Fitstop outlets was one additional company-owned location.
Specifically, at the start of 2023, there were zero total Fitstop outlets. By the end of 2023, this number had increased to one. This single outlet was company-owned, as Fitstop had no franchised locations open at the time. This represents a net change of +1 outlet for the year.
It is important to note that while the overall net change was +1, this figure only reflects company-owned stores. Fitstop's franchise system was still in its early stages during this period, with no franchised locations yet in operation. Prospective franchisees should pay close attention to the projected openings for franchised locations in subsequent years, as outlined in Table No. 5 of the FDD, to gauge the brand's growth trajectory.