How many company-owned Punch King Fitness outlets were operating at the end of 2021?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2023 | 0 | 0 | 0 | |
| 2021 | 0 | 1 | +1 | |
| Company-Owned | 2022 | 1 | 3 | +2 |
| 2023 | 3 | 4 | +1 | |
| 2021 | 0 | 1 | +1 | |
| TOTAL OUTLETS | 2022 | 1 | 3 | +2 |
| 2023 | 3 | 4 | +1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 53–56)
What This Means (2024 FDD)
According to Punch King Fitness's 2024 Franchise Disclosure Document, at the end of 2021, there was one company-owned Punch King Fitness outlet. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. This table shows the number of outlets at the start and end of each year, as well as the net change in outlets.
Specifically, for the year 2021, the table indicates that Punch King Fitness started with zero company-owned outlets and ended the year with one. This represents a net change of +1 outlet during that year.
This information is valuable for prospective franchisees as it provides insight into the growth and development of company-owned locations. It can be helpful to compare the performance and changes in company-owned stores with that of franchised locations to understand the overall business strategy and potential for growth within the Punch King Fitness system.