How many company-owned Fly Fitness outlets were closed in 2022?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
agencies.
ITEM 20: OUTLETS AND FRANCHISEE INFORMATION
Table No. 1 System-wide Outlet Summary For Years 2021 to 2023
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 42–44)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, there were no company-owned Fly Fitness outlets closed in 2022. The provided table shows that at the start of 2022, there were 4 company-owned outlets, and at the end of 2022, there were still 4 company-owned outlets. The net change in company-owned outlets was 0.
This information is relevant for prospective franchisees as it provides insight into the stability and performance of company-owned Fly Fitness locations. A consistent number of company-owned stores might suggest a stable business model.
It is important to note that company-owned stores are operated by affiliated entities, as indicated in the FDD. This distinction could have implications for the operational and financial performance of these locations compared to franchised outlets. Franchisees should consider this when evaluating the overall health and potential of the Fly Fitness franchise system.