How many franchised Punch King Fitness outlets were operating at the start 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 |
|---|---|---|---|---|
| 2021 | 0 | 0 | 0 | |
| Franchised Outlets | 2022 | 0 | 0 | 0 |
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 start of 2021, there were zero franchised outlets operating. The provided table summarizes the status of franchised outlets for the years 2021 to 2023.
Specifically, the table indicates that for the year 2021, there were zero franchised outlets at the start of the year, zero outlets opened during the year, and zero outlets at the end of the year. This suggests that Punch King Fitness began franchising after 2021.
Prospective franchisees should note that the brand is relatively new to franchising, and should consider this when evaluating the opportunity. Further due diligence, including speaking with existing franchisees (if any) and carefully reviewing the FDD, is essential to assess the potential risks and rewards.