How many company-owned Fly Fitness outlets were sold to franchisees in 2023?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| Total | 2021 | 4 | 0 | 0 | 0 | 0 | 4 |
|---|---|---|---|---|---|---|---|
| 2022 | 4 | 0 | 0 | 0 | 0 | 4 | |
| 2023 | 4 | 0 | 0 | 0 | 0 | 4 |
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 outlets sold to franchisees in 2023. The provided table regarding the status of franchised outlets from 2021 to 2023 indicates that in 2023, there were 4 total outlets, with 0 outlets opened, 0 reacquired from franchisees, 0 outlets closed, and 0 outlets sold to franchisees, resulting in 4 outlets at the end of the year.
Another table provides information on the status of company-owned outlets from 2021 to 2023. In 2023, there were 4 company-owned outlets at the start of the year and 4 at the end of the year, with a net change of 0. This confirms that no company-owned Fly Fitness locations were sold to franchisees during that year.
This information is valuable for potential franchisees as it provides insight into the company's growth strategy and relationship with its franchisees. The absence of company-owned store sales to franchisees could suggest a preference for maintaining company control over existing locations or a lack of interest from franchisees in acquiring existing company-owned stores.