As of December 31, 2023, how many Fly Fitness franchises had been issued?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
As of December 31, 2023, a single franchise in Loveland, Colorado has been issued. This location was not open as of the end of 2023.
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, 2023, Fly Fitness had issued a single franchise located in Loveland, Colorado. However, this location was not yet open at the end of 2023.
This indicates that Fly Fitness is a relatively new franchise system. Prospective franchisees should be aware of the risks associated with investing in a new franchise, such as limited operating history and brand recognition.
It would be prudent for potential franchisees to thoroughly investigate Fly Fitness's business model, support systems, and growth plans. Speaking with the existing franchisee in Colorado, if possible, could provide valuable insights into the realities of operating a Fly Fitness franchise.