What was the net change in the number of company-owned Fly To Fit outlets during 2023?
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 2023 was 0. The number of company-owned Fly To Fit outlets remained constant throughout 2023. At the start of 2023, there was 1 company-owned outlet, and by the end of the year, the number remained at 1.
This indicates that Fly To Fit did not open or close any company-owned locations during the 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 does not provide information on franchised outlet changes during the same period.
It is important for potential franchisees to further investigate Fly To Fit's growth strategy, including their plans for both company-owned and franchised locations. Understanding the company's approach to expansion and management of existing outlets can provide valuable insights into the overall health and direction of the franchise system.