How many franchised Fly To Fit outlets were operating at the start of 2021?
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 start of 2021, there were zero franchised Fly To Fit outlets. The provided table in Item 20 of the FDD details the number of franchised outlets from 2021 to 2023.
This indicates that Fly To Fit either began franchising after 2021 or that any franchises operating before that time had ceased operations. A potential franchisee should investigate why there were no franchises operating at the beginning of 2021 to understand the history and trajectory of the franchise system.
It's important to note that while there were no franchised locations, Fly To Fit did have one company-owned outlet operating at the start of 2021. This detail provides some insight into the company's initial business model and its subsequent shift towards franchising, if applicable.