How many total Fly To Fit outlets were open at the start of 2023?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| e | ||||
| Total Outlets | 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 2023, there was a total of one outlet open. The information is detailed in 'Table 1 Systemwide Outlet Summary For Years 2021 to 2023'.
Specifically, the table shows that for the year 2023, there was one outlet at the start of the year and one outlet at the end of the year, indicating no net change in the number of outlets during 2023. This single outlet was company-owned, as indicated in 'Table 4 Status of Company-Owned Outlets For Years 2021 to 2023'.
For a prospective franchisee, this indicates that Fly To Fit is a relatively new franchise system with a very limited number footprint. The fact that there was only one company-owned outlet open at the beginning of 2023, and no franchised locations, suggests that the franchise is still in its early stages of development and testing its business model.