For an individual Punch King Fitness franchisee, what address is required, and is a P.O. Box acceptable?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
Home Address: City: State: ZIP: Home Telephone: SSN: Percentage of Ownership: Home Address: City: State: ZIP: Home Telephone: SSN: Percentage of Ownership: Home Address: City: State: ZIP: Home Telephone: SSN: Percentage of Ownership: Home Address: City: State: ZIP: Home Telephone: SSN: term of the Franchise Agreement to which this Exhibit 1 is attached. Signature The undersigned individual Franchisee, or if Franchisee is other than an individual, each of the Principals of Franchisee, hereby certify that the foregoing information is accurate and complete to the best of their knowledge and agree to notify Franchisor promptly of any change in any such information during the Print Name Print Name Print Name Print Name
Source: Item 22 — CONTRACTS (FDD pages 56–215)
What This Means (2024 FDD)
According to the 2024 Punch King Fitness Franchise Disclosure Document, Exhibit 1 requires an individual franchisee to provide their home address, city, state, and ZIP code. The document also requires the franchisee to provide their home telephone number and Social Security number. This information is required as part of the Franchise Agreement.
The purpose of collecting this information is to properly identify and contact the franchisee. Punch King Fitness needs a physical address for legal and administrative purposes, such as sending official notices or ensuring compliance with local regulations. The inclusion of a home telephone number allows for direct communication, while the SSN is likely used for tax reporting and background check purposes.
The FDD does not explicitly state whether a P.O. Box is acceptable in lieu of a physical home address. It is important for a prospective franchisee to clarify with Punch King Fitness whether a P.O. Box can be used or if a physical address is mandatory. This clarification will ensure that the franchisee meets all the necessary requirements and avoids any potential issues with the franchise agreement.