How many Fly To Fit outlets were at the end of 2021?
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, at the end of 2021, there was a total of one Fly To Fit outlet. This single outlet was company-owned, with no franchised locations in operation during that year. The outlet was located in New York, and there were no openings, re acquisitions, closures, or sales to franchisees during 2021, resulting in no net change in the number of outlets.
For a prospective franchisee, this indicates that Fly To Fit is a relatively new franchise system with limited operating history. The fact that the sole outlet is company-owned suggests that the franchisor may be in the early stages of developing and refining its business model before expanding through franchising.
It's important to note that the absence of franchised outlets in 2021 doesn't necessarily reflect negatively on the franchise opportunity. However, potential franchisees should conduct thorough due diligence to assess the viability and potential of the Fly To Fit franchise, considering its limited track record and reliance on a single company-owned location. Further investigation into the performance of the company-owned store and the franchisor's plans for supporting franchisees would be prudent.