How many Punch King Fitness outlets were open in New Jersey at the start 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 | |
| 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 New Jersey at the start of 2023. In 2022, one outlet was opened in New Jersey, and none were closed, reacquired, or sold.
This information is valuable for potential franchisees as it provides insight into the brand's growth and presence in specific states. Seeing the number of outlets open at the start and end of each year helps to understand the net growth and stability of the franchise system in different regions.
It's important to note that this data reflects past performance and may not be indicative of future results. Factors such as market conditions, competition, and the franchisee's operational capabilities can influence the success and growth of Punch King Fitness outlets.