What is the initial franchise fee for a Punch King Fitness franchise?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
The Punch King Fitness initial franchise fee is $50,000. The initial franchise fee is uniformly charged for all franchises currently being offered. You must pay the initial franchise fee in full when you sign the franchise agreement. The initial franchise fee is considered fully earned and is nonrefundable.
We offer a $20,000 discount on the Initial Franchise Fee to honorably discharged U.S. military veterans as an appreciation and financial incentive.
We offer a $10,000 discount on the Initial Franchise Fee to qualifying Punch King Fitness franchisees as a thank-you and financial incentive.
We offer a $10,000 discount on the Initial Franchise Fee to qualifying Punch King Fitness employees as a thank-you and financial incentive
Minority Discount
We offer a $20,000 discount on the Initial Franchise Fee to qualifying minority-owned franchisees as a financial incentive
We reserve the option to discount initial fees, discontinue discount(s) offers at any time, or offer new discounts in the future.
The initial fees are not refundable under any circumstances. Except as explained and listed above, the Initial fees are uniformly calculated for all Franchised Businesses currently being offered.
Source: Item 5 — INITIAL FEES (FDD pages 9–10)
What This Means (2024 FDD)
According to Punch King Fitness's 2024 Franchise Disclosure Document, the initial franchise fee is $50,000. This fee is uniformly charged to all franchisees currently being offered a franchise and is due in full when the franchise agreement is signed. It is considered fully earned by Punch King Fitness and is nonrefundable.
Punch King Fitness offers discounts on the initial franchise fee to certain qualifying individuals. Honorably discharged U.S. military veterans and qualifying minority-owned franchisees may each be eligible for a $20,000 discount. Additionally, qualifying Punch King Fitness franchisees and employees may each receive a $10,000 discount on the initial franchise fee.
It is important to note that Punch King Fitness retains the option to modify or discontinue these discount offers at any time, or introduce new discounts in the future. These initial fees are not refundable under any circumstances. While the initial fees are generally uniformly calculated, the document notes that some franchisees under future agreements or negotiated agreements may be obligated to pay more, less, or different fees than those currently listed.