What was the net change in the number of Fly To Fit total outlets during the year 2023?
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 |
|---|---|---|---|---|
| e | ||||
| Total Outlets | 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 total outlets during 2023 was 0. The total number of Fly To Fit outlets remained constant at 1 throughout 2023. At the start of 2023, there was 1 outlet, and by the end of the year, the number remained at 1.
Specifically, this single outlet was company-owned. There were no franchised outlets during 2023, so the net change for franchised locations was also 0. This indicates that Fly To Fit did not open any new locations, close any locations, or transfer any existing locations during that year.
For a prospective franchisee, this data suggests a period of stability in the Fly To Fit system during 2023. However, it's important to note that the system is very small, with only one company-owned outlet. A potential franchisee should investigate Fly To Fit's growth plans and strategies for expanding the number of franchised locations in the future.