What was the total number of Fitstop outlets at the start of 2023?
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, the total number of Fitstop outlets at the start of 2023 was 0. This figure is based on the 'Systemwide Outlet Summary' table, which tracks the number of outlets from 2021 to 2023. The table shows that at the beginning of 2023, there were no Fitstop outlets open.
Specifically, the 'Systemwide Outlet Summary' indicates that Fitstop began 2023 with 0 outlets, opened 1 outlet during the year, and ended the year with 1 outlet. This suggests that 2023 was the first year Fitstop had any operational locations.
Prospective franchisees should note that Fitstop is a relatively new franchise system, with its first outlet opening in 2023. This could present both opportunities and risks. The opportunity lies in being among the first to establish the brand in a given market. The risk is that the franchise system has a limited track record, making it more difficult to predict future performance.