How many Fly Fitness franchised outlets were opened in 2022?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Column 3 Outlets at Start of Year | Column 4 Outlets Opened | Terminations | Column 6 Non- renewals | Reacquired by Franchisor | Ceased Operations - Other Reasons | Column 9 Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| None | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 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, there were no franchised outlets opened in 2022. The provided table, "Table No. 3 Status of Franchised Outlets For Years 2021 to 2023," indicates that in 2022, the number of outlets at the start of the year was 0, and the number of outlets opened was also 0. This means no new Fly Fitness franchised locations began operating during that year.
This information is crucial for potential franchisees as it provides insight into the growth and expansion of Fly Fitness through franchising. A lack of new franchised openings could suggest various factors, such as challenges in attracting new franchisees, difficulties in site selection and approval, or a strategic focus on company-owned locations instead. It is important to note that while no franchised outlets opened, the company did have company-owned stores open during this time.
Prospective franchisees should further investigate the reasons behind the absence of new franchised openings in 2022. Understanding the dynamics of Fly Fitness's franchise network and expansion strategy will help them assess the potential risks and opportunities associated with investing in a franchise. They may want to inquire about the franchisor's plans for future franchise development and the support provided to new franchisees in establishing their businesses.