How many Fly Fitness outlets were terminated in 2022?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 |
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 terminations of franchised outlets in 2022. The provided table regarding outlet status shows that for the year 2022, the number of terminations was zero. This indicates that no Fly Fitness franchises were terminated during that year.
This information is crucial for potential franchisees as it can provide insights into the stability and success rate of Fly Fitness franchises. A low number of terminations may suggest that franchisees are generally successful and satisfied with the Fly Fitness system. It is important to note that this data only reflects terminations and does not account for other reasons an outlet may have ceased operations, such as non-renewals or transfers.
While the FDD provides data specifically on terminations, prospective franchisees should also investigate the reasons behind any franchise closures, even if they weren't classified as terminations. Understanding the full picture of outlet performance will give a more comprehensive view of the risks and opportunities associated with investing in a Fly Fitness franchise.