How many Punch King Fitness outlets were open in California at the end of 2023?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Reacquired from Franchisees | Outlets Closed | Outlets Sold to Franchisees | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| 2021 | 0 | 1 | 0 | 0 | 0 | 1 | |
| California | 2022 | 1 | 1 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 1 | 0 | 0 | 0 | 3 |
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 3 outlets open in California at the end of 2023. The provided table in Item 20 details the status of franchised outlets from 2021 to 2023. In 2023, one new Punch King Fitness outlet opened in California, increasing the total from 2 at the start of the year to 3 by year's end.
For a prospective franchisee, this information indicates the growth and presence of Punch King Fitness in California. While the numbers are relatively small, the fact that outlets have opened and remained operational suggests a degree of stability. It's important to note that these figures only reflect franchised outlets and do not include any company-owned locations, as indicated by other tables in Item 20.
It is also worth noting that the FDD includes projections for new franchised outlets in the next fiscal year. For California, the projection is for 2 new franchised outlets. However, the FDD explicitly states that these projections are estimates and not a guarantee of actual openings. A potential franchisee should consider these projections as optimistic goals rather than firm commitments.
Overall, the data suggests a modest but growing presence for Punch King Fitness in California. A prospective franchisee should further investigate the performance of existing California locations and the factors driving the projected growth to assess the viability of opening a franchise in the state.