How many Fly To Fit total outlets were operating at the start of 2022?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
Table 1 Systemwide Outlet Summary For Years 2021 to 2023
| 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 |
| 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 |
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 was a total of one Fly To Fit outlet. The FDD provides a systemwide outlet summary that includes both franchised and company-owned locations.
Specifically, the data shows that Fly To Fit had one total outlet at the beginning of 2022. This single outlet was company-owned, as the number of franchised outlets at the start of 2022 was zero. Throughout 2022, there were no changes in the total number of outlets, with zero outlets opening, closing, or being transferred.
For a prospective franchisee, this indicates that Fly To Fit is a relatively new franchise system with a very limited operating history. The fact that there was only one company-owned outlet in operation at the start of 2022 suggests that the franchise system may still be in its early stages of development and testing. A potential franchisee should carefully consider the risks and opportunities associated with investing in such a young franchise system and conduct thorough due diligence to assess the viability and potential for growth.