What exhibit contains the financial statements for Punch King Fitness?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
If Punch King Fitness, Inc. does not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the appropriate state agency listed on Exhibit I.
Our registered agents authorized to receive service of process for us are listed in Exhibit H.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2024 FDD)
According to Punch King Fitness's 2024 Franchise Disclosure Document, Exhibit H lists the registered agents authorized to receive service of process, while Exhibit I lists the appropriate state agency. The financial statements for Punch King Fitness are not explicitly mentioned in these excerpts.
Item 22 discusses contracts and includes an Independent Auditor's Report, which references audited financial statements for the years ending December 31, 2022 and 2023. However, it does not specify which exhibit contains these statements.
Item 23 refers to a receipt and mentions that the disclosure document includes several exhibits, but it does not specify which exhibit contains the financial statements. To determine which exhibit contains the financial statements, a prospective franchisee should review the full FDD or ask the franchisor directly.