How many Fly Fitness outlets were transferred from franchisees to new owners in 2021?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| None | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 0 | |
| Total | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 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 transfers of outlets from franchisees to new owners in 2021. The provided table summarizes transfers of outlets from franchisees to new owners for the years 2021 to 2023.
The table indicates that the number of transfers was zero for each of the years 2021, 2022 and 2023. This suggests that during this period, no existing Fly Fitness franchise locations were sold by franchisees to new, independent owners.
This information is crucial for potential franchisees as it provides insight into the stability and transferability of Fly Fitness franchises. A high number of transfers could indicate financial instability or dissatisfaction among franchisees, while a low number, as seen here, may suggest a more stable franchise system.