In 2022, how many Fly To Fit outlets were reacquired by the franchisor?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
| Table 3 Status of Franchised Outlets For Years 2021 to 2023
| State | Year | Outlets at the Start of the Year | Outlets Opened | Termi Nations | Non Renewals | Reacquired by Franchisor | Ceased Operations – Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| N/A | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Totals | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Table 4 Status of Company-Owned Outlets For Years 2021 to 2023
| State | Year | Outlets at the Start of the Year | Outlets Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year | |---|---|---|---|---|---|---|---| | | | | | | | | | | New York | 2021 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2022 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 1 | | Totals | 2021 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2022 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 1 | Table 5 Projected Openings for 2024 As Of December 31, 2023
| State | Franchise Agreements Signed but Outlet Not Opened | Projected Ne
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 41–44)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, there were no outlets reacquired by the franchisor in 2022. This data is reflected in multiple tables within Item 20, which detail outlet information. Specifically, one table provides a system-wide outlet summary, while another focuses on a single Fly To Fit location in New York. Both tables indicate zero reacquired outlets during that year.
This lack of re acquisitions could be interpreted positively, suggesting that Fly To Fit franchisees are generally successful and do not require the franchisor to take back their locations. However, it is important to consider this in conjunction with other factors, such as the number of terminations, non-renewals, and transfers, to get a complete picture of franchisee performance and stability within the Fly To Fit system.
Prospective franchisees should investigate further by asking Fly To Fit about the reasons for any past re acquisitions, the criteria used to determine whether to reacquire an outlet, and the support provided to franchisees to prevent re acquisitions. Understanding these factors will help a potential franchisee assess the risks and opportunities associated with investing in a Fly To Fit franchise.