How many Fly Fitness outlets were reacquired from franchisees in North Dakota during 2022?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Table No. 4 Status of Company Owned* Outlets For Years 2021 to 2023
| 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 |
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 zero Fly Fitness outlets reacquired from franchisees in North Dakota during 2022. The table provided in Item 20 of the FDD details outlet information by state. For North Dakota in 2022, the number of outlets reacquired from franchisees is listed as 0.
This indicates that Fly Fitness did not take back any franchised locations in North Dakota during that year. For a potential franchisee, this could suggest stability in the existing franchise network within North Dakota. It is important to note that this data reflects only one year and may not be indicative of future trends.
Prospective franchisees should investigate further to understand the reasons behind franchise reacquisitions, terminations, and closures, as these factors can impact the overall health and success of the franchise system. Understanding the history and trends in these areas can help a franchisee assess the risks and opportunities associated with investing in a Fly Fitness franchise.