How many total Fly Fitness outlets were in operation at the end of 2023?
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 end of 2023, there were a total of 4 Fly Fitness outlets in operation. These were all company-owned, as there were zero franchised outlets. This number remained consistent throughout 2021, 2022, and 2023, with no net change in the number of outlets.
For a prospective franchisee, this indicates that Fly Fitness is a relatively new franchise system or is primarily focused on company-owned operations. The fact that there were no franchised outlets open by the end of 2023 could mean that the franchise program is just starting, or that the company is having difficulty attracting franchisees.
It is important to note that while there were no franchised locations open, one franchise agreement had been signed in Colorado but the outlet had not yet opened as of December 31, 2023. Additionally, Fly Fitness projected opening one new franchised outlet in Nebraska in the next fiscal year. This suggests potential growth in the franchise system, but it is still very early in its development.