How many Fly Fitness outlets closed in Nebraska during 2022?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Column 2 Year | Column 3 Outlets at Start of Year | Column 4 Outlets Opened | Outlets Reacquired from Franchisees | Column 6 Outlets Closed | Outlets Sold to Franchisees | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Nebraska | 2021 | 2 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 2 |
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 Fly Fitness outlets that closed in Nebraska during 2022. The provided table in Item 20 of the FDD details the outlet information for Nebraska from 2021 to 2023. In 2022, there were 2 outlets at the start of the year, no outlets opened, and no outlets closed, leaving 2 outlets at the end of the year.
This data point is crucial for potential franchisees as it provides insight into the stability and performance of Fly Fitness franchises in Nebraska. A history of closures could indicate market saturation, operational challenges, or other factors that might negatively impact a new franchisee's investment. The absence of closures in 2022 suggests a stable market presence during that period.
It is important to note that this information reflects only one year and one state. Prospective franchisees should review the complete Item 20 data for all states and years to gain a comprehensive understanding of outlet performance across the Fly Fitness system. Additionally, further investigation into the reasons behind any closures in other states or years would be prudent to assess potential risks and opportunities.