What was the net change in the number of franchised Fly Fitness outlets during 2022?
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 |
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, the net change in the number of franchised outlets during 2022 was 0. The table provided in Item 20 of the FDD details the number of franchised Fly Fitness outlets at the start and end of 2022, as well as the net change.
Specifically, the table shows that Fly Fitness had 0 franchised outlets at the beginning of 2022 and 0 at the end of the year. This indicates that no new franchised locations opened, and no existing franchised locations closed or were terminated during that year. The 'Net Change' column confirms this with a value of 0.
This information is crucial for potential franchisees as it provides insight into the growth and stability of the Fly Fitness franchise system. A net change of zero suggests that the franchise system was not actively expanding through franchising during 2022. It is important to note that this data only reflects the number of franchised outlets and does not include company-owned locations.