What factors does Punch King Fitness consider when approving a site for a franchise?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
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Punch King Fitness April 26, 2024 32 The site of a Punch King Fitness Training Facility Franchised Business is a 1,500 to 3000 square feet standalone building or space within a shopping center for Boutique Locations, 4,000 to 7,000 square feet space for a Medium Size Location, 7,000 to 10,000 square feet for a Full Fitness location, and 10,000 to 1500 square feet for a Big Box Locations. The Big Box location is our largest size location with between 10,000 to 1500 square feet. We do not select your site. Your site is subject to our approval (Section IV of the Franchise Agreement). We generally do not own or lease the premises or Site to franchises for the operation of the Franchised Business. To obtain our approval, you must provide all information and
documents about the site we require. The factors we consider in approving sites are general location and neighborhood, competition, trade area demographics, traffic patterns, parking, size, physical characteristics of existing buildings, and lease terms. The time limit for us to approve or disapprove your proposed site is 30 days after you submit all of our required documents and information. 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 (Section IV of the Franchise Agreement). You are responsible for conforming the Site premises to local ordinances and building codes and obtaining any required permits for constructing, remodeling, or decorating the Site premises. We may but are not obligated to provide you with assistance to ensure that your Site conforms to local ordinances and building codes or obtain any required permits for construction or remodeling.
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 franchisee is responsible for selecting the site for their Punch King Fitness Training Facility. However, the site is subject to Punch King Fitness's approval. To gain approval, the franchisee must provide all required information and documents about the site.
Punch King Fitness considers several factors when evaluating a potential site. These factors include the general location and neighborhood, the level of competition in the area, trade area demographics, traffic patterns, parking availability, the size of the location, the physical characteristics of existing buildings, and the lease terms associated with the site.
After the franchisee submits all necessary documents and information, Punch King Fitness has 30 days to either approve or disapprove the proposed site. Punch King Fitness also 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. The franchisee is responsible for ensuring the site complies with local ordinances and building codes and for obtaining any required permits for construction, remodeling, or decorating the premises.