How many company-owned Fly Fitness outlets were operating at the end of 2022?
Fly_Fitness 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 – | 2021 | 4 | 4 | 0 |
| Owned* | ||||
| 2022 | 4 | 4 | 0 | |
| 2023 | 4 | 4 | 0 | |
| Total | 2021 | 4 | 4 | 0 |
| Outlets | ||||
| 2022 | 4 | 4 | 0 | |
| 2023 | 4 | 4 | 0 |
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, at the end of 2022, there were 4 company-owned Fly Fitness outlets. The FDD provides a system-wide outlet summary for the years 2021 to 2023.
Specifically, the table details the number of company-owned outlets at the start and end of each year, as well as the net change. For 2022, the number of company-owned outlets remained constant at 4 throughout the year, with no net change. This indicates that no new company-owned outlets were opened or closed during that period.
This information is useful for potential franchisees as it provides insight into the stability and growth of company-owned Fly Fitness locations. Observing the performance and operational strategies of these company-owned outlets can offer valuable learning opportunities for franchisees. It's also worth noting that these company-owned stores are operated by affiliated entities, as indicated in the FDD.