How many company-owned Fly Fitness outlets were operating at the end of 2023?
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 2023, there were 4 company-owned Fly Fitness outlets. The FDD provides a system-wide outlet summary for the years 2021 to 2023. This table includes information on both franchised and company-owned outlets.
Specifically, for company-owned outlets, the data shows that Fly Fitness maintained a consistent number of 4 outlets from 2021 through 2023. There were no openings or closures of company-owned locations during this period, resulting in a net change of 0 each year. This indicates a stable company-owned presence during the reported timeframe.
It is important to note that the company-owned stores are operated by affiliated entities, as indicated in the FDD. This distinction may have implications for the operational structure and financial performance of these outlets compared to franchised locations. A prospective franchisee should investigate the relationship between Fly Fitness and its affiliated entities to fully understand the company's business model.