In 2021, how many Punch King Fitness outlets were reacquired from franchisees?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Reacquired from Franchisees | Outlets Closed | Outlets Sold to Franchisees | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| 2021 | 0 | 1 | 0 | 0 | 0 | 1 | |
| California | 2022 | 1 | 1 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 1 | 0 | 0 | 0 | 3 | |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | |
| New Jersey | 2022 | 0 | 1 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2021 | 0 | 1 | 0 | 0 | 0 | 1 | |
| TOTAL | 2022 | 1 | 2 | 0 | 0 | 0 | 3 |
| 2023 | 3 | 1 | 0 | 0 | 0 | 4 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 53–56)
What This Means (2024 FDD)
According to Punch King Fitness's 2024 Franchise Disclosure Document, there were zero franchised outlets reacquired by Punch King Fitness in 2021. This data is based on the table summarizing the status of company-owned outlets from 2021 to 2023. The table provides a breakdown of outlet activity, including openings, re acquisitions, closures, and sales.
Specifically, for the year 2021, the table indicates that zero outlets were reacquired from franchisees. This suggests that during that year, Punch King Fitness did not buy back any franchised locations to operate them as company-owned entities.
This information is valuable for potential franchisees as it provides insight into the stability and relationship between Punch King Fitness and its franchisees. A high number of re acquisitions could indicate potential issues with franchisee profitability or support, while a low number, as in this case, may suggest a healthy franchise system.