What was the total number of Fly To Fit outlets at the start of 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 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | | Company-Owned | 2021 | 1 | 1 | 0 | | | 2022 | 1 | 1 | 0 | | | 2023 | 1 | 1 | 0 |
| 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 | Table 2 Transfers of Outlets from Franchisees to New Owners (other than the Franchisor) For Years 2021 to 2023
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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 total number of outlets at the start of 2022 was 1. This total is comprised of company-owned outlets, as there were zero franchised outlets at that time. The single company-owned Fly To Fit location was in New York.
Throughout 2022, there were no changes in the number of Fly To Fit outlets. No new outlets were opened, nor were any closed, reacquired, or sold. This resulted in the same number of outlets (1) at the end of 2022 as there were at the beginning of the year.
For a prospective franchisee, this indicates a very small system size and limited operating history. While a smaller system can mean more direct support from the franchisor, it also suggests a higher risk due to the unproven nature of the franchise model and brand.