How many Fly To Fit franchised outlets were at the start of the year in 2022?
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 2022, there were zero franchised outlets. The FDD provides a table outlining the number of franchised outlets at the start and end of each year from 2021 to 2023.
This indicates that Fly To Fit began franchising in 2021 or later, and as of the beginning of 2022, no franchises had yet opened. A prospective franchisee should note that the brand is relatively new to franchising.
It's important to consider that the company-owned outlets started with one in 2021 and remained at one through 2023. This suggests that the company-owned outlet has not expanded either. This information is crucial for potential franchisees to understand the growth and maturity of the Fly To Fit franchise system.