How many Fly To Fit company-owned outlets were sold to franchisees in 2022?
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, in 2022, zero company-owned outlets were sold to franchisees. The table provided in Item 20 of the FDD details the status of company-owned outlets from 2021 to 2023.
The table shows that in 2022, Fly To Fit started the year with one company-owned outlet and ended the year with one company-owned outlet. There were no outlets opened, reacquired from a franchisee, or closed during that year. Most importantly, the 'Outlets Sold to Franchisee' column indicates a count of zero for 2022.
This information is valuable for potential franchisees as it provides insight into the company's strategy regarding company-owned stores. The fact that no company-owned stores were sold to franchisees in 2022 could suggest that Fly To Fit prefers to maintain ownership of its corporate stores, or that there simply were no opportunities or strategic reasons to sell them during that period. A prospective franchisee may want to inquire about Fly To Fit's future plans for company-owned stores and whether there might be opportunities to purchase an existing location in the future.