Where was the single Fly Fitness franchise located that had been issued as of December 31, 2023?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
As of December 31, 2023, a single franchise in Loveland, Colorado has been issued. This location was not open as of the end of 2023.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 44)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, as of December 31, 2023, a single Fly Fitness franchise had been issued. This franchise was located in Loveland, Colorado. However, the FDD also states that this location was not yet open as of the end of 2023.
This information is relevant to potential franchisees as it provides insight into the current scale of the Fly Fitness franchise system. With only one franchise issued but not yet opened by the end of 2023, it indicates that Fly Fitness is a relatively new franchise system.
Prospective franchisees should consider this when evaluating the risks and opportunities associated with investing in a Fly Fitness franchise. It would be prudent to inquire about the progress of the Loveland, Colorado location and the franchisor's plans for further expansion.