What must a Punch King Fitness franchisee do with their lease or sublease before executing it?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
- 4. If Franchisee occupies the Site of the Franchised Business under a lease or sublease, Franchisee shall, prior to the execution thereof, submit such lease to Franchisor for its written approval.
Franchisor's approval of the lease or sublease may be conditioned upon the inclusion of such provisions as Franchisor may reasonably require, including, without limitation:
(a) A provision that restricts the use of the Site solely to the operation of the Franchised Business;
(b) The lessor will consent to Franchisee's use of such Marks and signage as Franchisor may prescribe for the Franchised Business;
Source: Item 22 — CONTRACTS (FDD pages 56–215)
What This Means (2024 FDD)
According to Punch King Fitness's 2024 Franchise Disclosure Document, if a franchisee plans to occupy their Punch King Fitness location under a lease or sublease, they must submit the lease to Punch King Fitness for written approval before signing it.
Punch King Fitness's approval may depend on specific conditions. These conditions could include a provision restricting the site's use solely to operating the Punch King Fitness franchise. Additionally, the lessor must consent to the franchisee's use of Punch King Fitness's marks and signage for the business.
This requirement ensures that the lease terms align with Punch King Fitness's standards and protects their brand. It also gives Punch King Fitness the opportunity to ensure that the lease contains provisions necessary to protect their interests. Franchisees should factor in the time required for this approval process when negotiating lease terms and plan accordingly to avoid delays in opening their Punch King Fitness location.