How many Punch King Fitness franchises were terminated in all states during 2023?
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 zero terminations of franchised outlets in all states during 2023. The provided table, which summarizes the status of company-owned outlets from 2021 to 2023, indicates that under the 'Terminations' column for the year 2023, the value is 0 for 'All States'.
This suggests that, at least for the period covered by the table, Punch King Fitness has not experienced any terminations of its franchised outlets. This could be a positive sign for potential franchisees, indicating a stable franchise system with good franchisee relationships.
However, it is important to note that this data only reflects the information up to 2023. Prospective franchisees should still conduct their own due diligence, including speaking with current and former franchisees, to get a more comprehensive understanding of the franchise's performance and stability. They should also inquire about the reasons for any past terminations, should they exist, to fully assess the risks and opportunities associated with investing in a Punch King Fitness franchise.