How many Fly Fitness outlets were operating at the start of 2021?
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 start of 2021, there were a total of 4 Fly Fitness outlets. These were all company-owned, with zero franchised locations operating at that time. This information is detailed in Table No. 1, which provides a system-wide outlet summary.
For a prospective franchisee, this indicates that Fly Fitness began franchising after 2021. The fact that all locations were company-owned at the start of 2021 suggests that Fly Fitness may have initially focused on establishing its business model through corporate stores before expanding through franchising.
It's important to note that while there were 4 company-owned Fly Fitness outlets at the beginning of 2021, none were franchised. This distinction is crucial for understanding the growth and franchising strategy of Fly Fitness. The FDD also includes tables detailing the status of company-owned and franchised outlets separately, providing a clear picture of the franchise's development over the years 2021 to 2023.