How many Fly To Fit franchised outlets terminated in 2022?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at the Start of the Year | Outlets Opened | Termi Nations | Non Renewals | Reacquired by Franchisor | Ceased Operations – Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| N/A | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Totals | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Former Franchisees
Name, city and state, and current business telephone number, or if unknown, the last known home telephone number of every franchisee who had an outlet terminated, canceled, not renewed, or otherwise voluntarily or involuntarily ceased to do business under the franchise agreement during the most recently completed fiscal year or who have not communicated with us within 10 weeks of the disclosure document issuance date:
None
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, there were no terminations of franchised outlets in 2022. The provided tables in Item 20 show that the number of 'Termi Nations' for franchised outlets in 2022 was zero. This suggests that no Fly To Fit franchises were terminated during that year.
Furthermore, the exhibit on former franchisees lists 'None', indicating that there were no franchisees who had an outlet terminated, canceled, not renewed, or otherwise ceased to do business under the franchise agreement during the most recently completed fiscal year. This corroborates the data presented in the tables, reinforcing the conclusion that no Fly To Fit franchised outlets were terminated in 2022.
It is important to note that while no franchises were terminated, this does not necessarily mean that no franchises experienced difficulties. Other categories such as 'Non Renewals', 'Reacquired by Franchisor', or 'Ceased Operations – Other Reasons' could provide additional insight into the stability and performance of Fly To Fit franchises. However, in 2022, all of these categories also show a count of zero.