Is a Punch King Fitness franchisee required to obtain a feasibility study for their site?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
of the Area Development Agreement).
- 2. 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 (Section IV of the Franchise Agreement).
- 3. We provide you with the standards, specifications, and a list of designated and approved suppliers for all décor, equipment,signs, fixtures, opening inventory,supplies, products, and other materials you will need to operate the franchised business. We do not deliver or install equipment for your site.
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, franchisees are required to obtain a feasibility study for their site. Specifically, Punch King Fitness does not select the site for the franchised business, but they do provide building specifications and review design plans.
To ensure the site is appropriate, the franchisee must retain a licensed architect and obtain a feasibility study prepared by a qualified third party. This feasibility study is required for the initial site selection and also if the franchisee chooses to relocate, remodel, or update the site in the future.
This requirement ensures that franchisees make informed decisions about their location, considering factors like market demand and potential profitability. While Punch King Fitness offers building specifications and design review, the responsibility for conducting the feasibility study rests on the franchisee, adding to their pre-opening expenses.