What was the net change in the number of franchised Fly To Fit outlets during 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 |
|---|---|---|---|---|
| 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 2023 was 0. The table provided in Item 20 of the FDD details the number of franchised Fly To Fit outlets at the start and end of each year from 2021 to 2023, as well as the net change.
Specifically, for franchised outlets, the number at the start of 2023 was 0, and the number at the end of 2023 remained at 0. This indicates that no new franchised outlets opened, and no existing ones closed, resulting in a net change of 0. This data provides insight into the growth and stability of the franchised locations within the Fly To Fit system during this period.
It's important to note that while there was no change in the number of franchised outlets, Fly To Fit did have one company-owned outlet that remained constant throughout the years 2021, 2022 and 2023. Prospective franchisees should consider these figures in the context of Fly To Fit's overall growth strategy and market presence. Understanding the historical trends in outlet numbers can help potential franchisees assess the brand's performance and future prospects.