What was the net change in the number of company-owned Fly To Fit outlets during 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 |
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, the net change in the number of company-owned outlets during 2022 was 0. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. In 2022, Fly To Fit had 1 company-owned outlet at the start of the year and 1 at the end of the year, resulting in no net change.
This indicates that Fly To Fit did not open or close any company-owned locations during that year. For a prospective franchisee, this could suggest a period of stability in the company's corporate store operations. It's important to note that this data only reflects company-owned stores and not franchised locations.
While a net change of zero might seem uneventful, it's crucial to consider this information in conjunction with other data in the FDD, such as the performance of existing outlets and the company's plans for future expansion. A stable number of company-owned stores could reflect a strategic decision to focus on supporting existing locations or prioritizing franchise growth.