How many Punch King Fitness outlets were opened in all states during 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 were a total of 2 outlets opened in all states during 2022. Specifically, one Punch King Fitness outlet opened in California and one opened in New Jersey during that year. At the start of 2022, there was only 1 outlet open, and by the end of the year, the total number of outlets had increased to 3.
It is important to note that these figures pertain to company-owned outlets and franchised outlets. The FDD also includes data on company-owned outlets, showing that the net change in company-owned outlets in 2022 was an increase of 2.
Prospective franchisees should consider these figures in the context of the overall growth and development of Punch King Fitness. Understanding the rate at which new outlets are opening, and where they are located, can provide valuable insights into the brand's expansion strategy and market penetration.