Does Punch King Fitness approve the site for a relocated Punch King Fitness Franchised Business?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
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- In the event of relocation, we do not select the site for your Franchised Business. We approve the Site for your Franchised Business (Section IV of the Franchise Agreement).
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- For your Site, we provide building specifications for your real property space, we review your design plans, you must retain a licensed architect, and you must obtain a feasibility study prepared by a qualified third party for the site of your Franchised Business upon relocation or remodeling or updating upon relocation. (Section IV of the Franchise Agreement).
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 28–35)
What This Means (2024 FDD)
According to Punch King Fitness's 2024 Franchise Disclosure Document, the franchisor does not select the site for a relocated franchised business; however, Punch King Fitness does approve the site.
For site relocation, Punch King Fitness provides building specifications for the real property space and reviews the franchisee's design plans. The franchisee is required to retain a licensed architect and obtain a feasibility study prepared by a qualified third party for the site.
This approval process is similar to the initial site selection, where Punch King Fitness also requires franchisees to submit site information for approval, considering factors like location, competition, demographics, traffic, parking, size, building characteristics, and lease terms. The franchisor has 30 days to approve or disapprove a proposed site after receiving all required documents and information.