As of December 31, 2022, how many Fly Fitness franchises have been issued and opened?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
As of December 31, 2022 no franchises have been issued and opened.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 44)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, as of December 31, 2022, no franchises had been issued and opened. This means that Fly Fitness was still in its initial stages of franchising at that time.
For a prospective franchisee, this indicates that the brand is relatively new to franchising. While this could present an opportunity to get in on the ground floor of a potentially growing brand, it also carries the risk associated with investing in a company with a limited track record in franchising.
It would be prudent for a potential franchisee to thoroughly investigate Fly Fitness's business plan, support systems, and growth strategy. Speaking with the franchisor directly to understand their vision for the future and how they plan to support franchisees is essential. Additionally, it would be wise to seek advice from experienced franchise consultants or legal professionals before making any investment decisions.