What was the net change in the number of franchised Fly To Fit outlets during 2022?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 |
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 franchised outlets during 2022 was 0. The table provided in Item 20 of the FDD outlines the number of franchised outlets at the start and end of 2022, as well as the net change.
Specifically, the table indicates that Fly To Fit had 0 franchised outlets at the beginning of 2022 and 0 franchised outlets at the end of 2022. This resulted in a net change of 0 franchised outlets during that year. This suggests that no new franchises were opened, and no existing franchises closed during this period.
For a prospective franchisee, this data indicates that Fly To Fit was not actively expanding its franchise network during 2022. It is important to note that while there was no net change, this does not necessarily reflect the potential for future growth. A potential franchisee should investigate Fly To Fit's expansion plans and strategies for future years to gain a better understanding of the brand's growth trajectory.