What was the total number of Fitstop outlets at the start of 2022?
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 total number of Fitstop outlets at the start of 2022 was 0. This includes both franchised and company-owned outlets.
This indicates that Fitstop is a relatively new franchise system, or that it experienced significant closures prior to 2022. A prospective franchisee should investigate further to understand the history of the franchise system and the reasons for the absence of any operating outlets at the beginning of 2022.
It's important to note that while there were no outlets at the start of 2022, the tables in Item 20 provide data on outlet activity in subsequent years, which could indicate growth or changes in the franchise system. Reviewing these trends alongside discussions with the franchisor and current franchisees will provide a more complete picture of the franchise's development.