How many company-owned Fly To Fit outlets were operating at the end of 2023?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Company-Owned | 2021 | 1 | 1 | 0 |
| 2022 | 1 | 1 | 0 | |
| 2023 | 1 | 1 | 0 |
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. This single company-owned location remained consistent throughout 2021, 2022 and 2023. There was no net change in the number of company-owned outlets during these years.
For a prospective franchisee, this indicates that Fly To Fit has limited experience operating company-owned locations. While not inherently negative, it suggests that the franchise model is the primary focus of Fly To Fit's expansion strategy. Franchisees may want to inquire about the support and training provided, specifically how it addresses the nuances of operating a Fly To Fit business based on the experience from the single company-owned outlet.
It is also important to note that Fly To Fit had zero franchised outlets operating at the end of 2023. This could mean that Fly To Fit is a very new franchise system or that franchisees have not been successful. A prospective franchisee should carefully consider this information and perform thorough due diligence to understand the reasons behind these numbers and assess the potential risks and opportunities associated with investing in a Fly To Fit franchise.