table_specific

How many Fly Fitness franchised outlets were terminated in 2023?

Fly_Fitness Franchise · 2024 FDD

Answer 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 terminations of franchised outlets in 2023. Table No. 3, which details the status of franchised outlets from 2021 to 2023, shows zero terminations for the year 2023. This suggests that, at least for the period covered in the table, Fly Fitness has not experienced any franchise terminations.

Specifically, the table provides a breakdown of outlet activity, including the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year. For 2023, all these categories are reported as zero, indicating a stable franchise network with no reported closures or terminations. This information can be reassuring for potential franchisees, as it suggests a healthy and stable franchise system.

Furthermore, the document states that during the last fiscal year, no franchisee has had an outlet terminated, canceled, not renewed, or has otherwise voluntarily or involuntarily ceased to do business under the franchise agreement. This statement reinforces the data presented in the tables, confirming that there were no negative outcomes such as terminations or non-renewals within the Fly Fitness franchise system during the reported period.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.