How many Punch King Fitness outlets were open in California at the start of 2022?
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 | |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | |
| New Jersey | 2022 | 0 | 1 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2021 | 0 | 1 | 0 | 0 | 0 | 1 | |
| TOTAL | 2022 | 1 | 2 | 0 | 0 | 0 | 3 |
| 2023 | 3 | 1 | 0 | 0 | 0 | 4 |
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 was one Punch King Fitness outlet open in California at the start of 2022. The provided table details the number of outlets open at the start of the year, the number of outlets opened, reacquired from franchisees, closed, sold to franchisees, and the number of outlets at the end of the year for the years 2021, 2022, and 2023.
For a prospective franchisee, this information is useful in understanding the growth and changes in the Punch King Fitness franchise system over the past three years. It provides insight into the brand's presence and expansion within California, as well as other states like New Jersey. The table shows that in 2022, one outlet was opened in California, resulting in two outlets at the end of the year.
It's important to note that the table also includes data for other states and the total number of outlets across all states. This broader view can help potential franchisees assess the overall health and stability of the Punch King Fitness franchise system. Reviewing these figures over multiple years can reveal trends in outlet openings, closures, and transfers, which can inform a franchisee's decision-making process.