How many 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 a total of 4 Fly Fitness outlets operating. These were all company-owned, as there were zero franchised outlets open during that year. This information is derived from the 'System-wide Outlet Summary' table, which provides a breakdown of both franchised and company-owned outlets over the past three years.
The FDD indicates that Fly Fitness has not yet begun franchising as of the end of 2023. All locations are currently company-owned. This could be a consideration for potential franchisees, as the franchise system is new and untested.
A prospective franchisee should further investigate Fly Fitness's plans for franchise growth and support, given the current absence of franchised locations. Understanding the franchisor's strategy for developing and supporting franchisees will be crucial in evaluating the opportunity.