How many Fly To Fit company-owned outlets closed in 2021?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 |
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 company-owned outlets closed in 2021. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. In 2021, Fly To Fit had one company-owned outlet at the start of the year and one at the end of the year.
Specifically, in New York, Fly To Fit started 2021 with one company-owned outlet and ended the year with one, indicating no closures. This suggests stability in the company-owned operations during that period.
For a prospective franchisee, this information indicates the historical performance and stability of company-owned Fly To Fit locations. While past performance is not indicative of future results, knowing that the company-owned location has remained open can be a positive factor.