How many Punch King Fitness franchises were not renewed in all states during 2021?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Termina tions | Non- Renewals | Reacquired by Franchisor | Ceased Operati ons Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| All States | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| TOTAL | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 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, there were no non-renewals of franchise agreements across all states in 2021. The provided table summarizes the status of franchised outlets from 2021 to 2023.
Specifically, for the year 2021, the table indicates that for 'All States,' the number of 'Non-Renewals' was 0. This means that no existing Punch King Fitness franchises had their agreements expire and were not renewed during that year.
This information is crucial for potential franchisees as it provides insight into the stability and longevity of franchise agreements within the Punch King Fitness system. A history of few non-renewals can be seen as a positive indicator, suggesting that franchisees are generally satisfied with their agreements and choose to continue operating under the Punch King Fitness brand.