At the end of 2023, how many company-owned Fly To Fit outlets were in operation?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
Table 1 Systemwide Outlet Summary For Years 2021 to 2023
| 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 |
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, at the end of 2023, Fly To Fit had one company-owned outlet in operation. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. This table shows that Fly To Fit consistently maintained one company-owned outlet throughout these years.
Specifically, the table indicates that at the start of 2023, there was one company-owned outlet. Throughout 2023, there were no additional outlets opened, reacquired from franchisees, closed, or sold to franchisees. As a result, the number of company-owned outlets remained constant, with one outlet at the end of 2023. This information is relevant for prospective franchisees as it provides insight into the company's ownership and operational trends.
The single company-owned Fly To Fit location is in New York. The table detailing outlet information by state shows that New York had one outlet at the start of 2023 and ended the year with one outlet. There were no changes in the number of outlets in New York during this period. This confirms that the company-owned store remained in operation without any openings, closures, or transfers.
This data is useful for potential franchisees to understand the stability and growth of Fly To Fit's company-owned locations. While the franchisor is seeking new franchisees, it is not planning to open any new company-owned locations in the next fiscal year. This may indicate a strategic focus on franchise expansion rather than corporate expansion.