What is the date of the disclosure document that the recipient acknowledges receiving in the Punch King Fitness FDD?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
Issuance Date: April 26, 2024
Our registered agents authorized to receive service of process for us are listed in Exhibit H.
I have received a disclosure document dated April 26, 2024. This disclosure document included the following Exhibits:
EXHIBIT G LIST OF FRANCHISEES
Source: Item 23 — RECEIPT (FDD pages 215–216)
What This Means (2024 FDD)
According to Punch King Fitness's 2024 Franchise Disclosure Document, the recipient acknowledges receiving a disclosure document dated April 26, 2024. This date is significant because it confirms that the prospective franchisee received the FDD containing important information about the franchise opportunity.
The FDD includes exhibits such as the Franchise Agreement (Exhibit A), Area Development Agreement (Exhibit B), Personal Guaranty (Exhibit C), Restrictive Covenant (Exhibit D), Power of Attorney to Assign Telephone Number (Exhibit E), State Franchise Regulators and Agents for Service of Process (Exhibit F), List of Franchisees (Exhibit G), List of Franchisees That Left the System (Exhibit H), Financial Statements (Exhibit I), Tables of Contents of Operating Manual (Exhibit J), and State Specific Addendums (Exhibit K). The recipient's acknowledgement confirms they received all these exhibits along with the core disclosure document.
It is important for a prospective Punch King Fitness franchisee to verify that the date on the disclosure document they receive matches the official issuance date to ensure they are reviewing the most current and accurate information. This date serves as a starting point for the franchisee's due diligence and allows them to track the 14-day review period required before signing any agreements or making payments.