How many Fly Fitness outlets were reacquired by the franchisor in 2021?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| | 2023 | 0 | | Total | 2021 | 0 | | | 2022 | 0 | | | 2023 | 0 | Table No. 3 Status of Franchised Outlets For Years 2021 to 2023
| 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 | 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 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 2 | |
| North | 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 no Fly Fitness outlets reacquired by the franchisor in 2021. This data is based on the system-wide outlet summary provided in Item 20, which covers the years 2021 to 2023. The table specifically tracks the number of outlets reacquired by Fly Fitness during this period.
For a prospective franchisee, this information indicates that Fly Fitness did not take back any franchise locations in 2021. This could suggest stability in the franchise system, or it might reflect the company's strategy regarding underperforming locations. It is important to note that this data only covers a three-year period, and past performance is not necessarily indicative of future results.
While the system-wide summary indicates zero reacquired outlets, another table provides a breakdown by state. This table also shows that in Nebraska and North Dakota, where Fly Fitness had outlets, zero outlets were reacquired from franchisees in 2021. This confirms the overall trend of no re acquisitions during that year.
It is important for potential franchisees to investigate the reasons behind franchise re acquisitions, as they can be a sign of franchisee distress or strategic decisions by the franchisor. However, in this case, the data suggests that re acquisitions were not a factor in Fly Fitness's operations during 2021.