In what state were Fly Fitness outlets transferred from franchisees to new owners during 2021?

According to Fly Fitness's 2024 Franchise Disclosure Document, there were no transfers of outlets from franchisees to new owners in 2021. Table No. 2, titled "Transfers of Outlets From Franchisees to New Owners (Other than the Franchisor) For Years 2021 to 2023," indicates that the number of transfers in 2021 was zero. This suggests that during that year, no existing Fly Fitness franchise locations were sold by franchisees to independent third-party buyers.

This information is relevant for prospective franchisees as it provides insight into the stability and transferability of Fly Fitness franchise locations. A lack of transfers could indicate franchisee satisfaction or, conversely, difficulty in selling existing franchises.

It is important to note that this table specifically refers to transfers to new owners other than the franchisor. The franchisor may have reacquired locations, but these would not be reflected in this particular data. A prospective franchisee should consider this information in conjunction with other data in the FDD, such as terminations and non-renewals, to gain a comprehensive understanding of franchise turnover within the Fly Fitness system. Further investigation into why there were no transfers during this period may be beneficial for potential investors.