How many company-owned Fly To Fit outlets were operating at the start of 2023?
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 start of 2023, there was one company-owned Fly To Fit outlet. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. This table shows the number of outlets at the start and end of each year, as well as the net change in outlets.
For a prospective franchisee, this information indicates that Fly To Fit has limited experience operating its own outlets, as it only had one company-owned location during the period covered in the table. This could mean that the franchise system is relatively new or that Fly To Fit primarily focuses on franchising as its growth strategy.
It's important to note that the single company-owned outlet remained consistent throughout 2021, 2022, and 2023, with no net change in the number of company-owned locations. This could suggest stability in the company's operations or a deliberate decision not to expand its corporate-owned footprint. A potential franchisee may want to inquire about Fly To Fit's strategy regarding company-owned versus franchised locations to better understand the franchisor's vision for the brand's growth and support for franchisees.