How many company-owned Punch King Fitness outlets were operating at the end of 2023?
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 2023, there were 4 company-owned Punch King Fitness outlets. The FDD provides a table that tracks the status of company-owned outlets from 2021 to 2023. At the beginning of 2023, there were 3 company-owned outlets. During 2023, 1 new company-owned outlet was opened, resulting in a total of 4 company-owned outlets by the end of the year.
This information is useful for potential franchisees as it provides insight into the growth and presence of company-owned locations. Company-owned stores can serve as models for franchisees and demonstrate the franchisor's commitment to the brand. Tracking the number of company-owned stores can indicate the franchisor's investment in and strategic approach to market development.
It's important to note that while the table provides a historical overview, it does not guarantee future performance or growth. Prospective franchisees should consider this data in conjunction with other factors, such as market analysis and financial projections, to make an informed decision about investing in a Punch King Fitness franchise.