How many Fly To Fit company-owned outlets opened in 2022?
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, there were no company-owned outlets opened in 2022. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. In 2022, the number of company-owned outlets remained constant, starting the year with one outlet and ending the year with one outlet. This indicates that no new company-owned outlets were opened during that year.
Specifically, the table shows that Fly To Fit had one company-owned outlet at the start of 2022 and still had one at the end of 2022. The 'Net Change' column for 2022 is '0', confirming that there were no additional company-owned outlets opened or closed during that year. This information is valuable for prospective franchisees as it provides insight into the growth and stability of company-owned operations, which can be a benchmark for evaluating the potential of franchised locations.
Furthermore, another table in the FDD breaks down outlet activity by state. In New York, where the company-owned outlet is located, there were zero outlets opened in 2022. The number of outlets remained constant at one, further supporting the fact that no new company-owned locations were established during that year. This detailed information helps potential franchisees understand the development and expansion strategies of Fly To Fit, particularly regarding company-owned versus franchised locations.