What was the amount of cash payments made for interest by Punch King Fitness?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
Opinion
We have audited the accompanying financial statements of Punch King Fitness Inc., which comprise the balance sheet as of December 31, 2022, and the related statements of income and retained earnings and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Punch King Fitness, Inc. as of December 31, 2022, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 22 — CONTRACTS (FDD pages 56–215)
What This Means (2024 FDD)
I am unable to provide the amount of cash payments for interest made by Punch King Fitness, Inc. in 2022, as the provided excerpts from the 2024 Franchise Disclosure Document do not contain this specific financial data. The excerpts include the company's independent auditor's report, statements of cash flow, and other financial policies, but do not specify the exact amount of cash payments made for interest. A prospective franchisee should review the complete financial statements within the FDD or request this information directly from Punch King Fitness to fully understand their financial obligations.