How many Punch King Fitness outlets were sold to franchisees in 2022?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2021 | 0 | 0 | 0 | |
| Franchised Outlets | 2022 | 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 outlets sold to franchisees in 2022. Table No. 3, which details the status of franchised outlets, indicates that for the year 2022, there were 0 outlets at the start of the year and 0 at the end of the year, with a net change of 0.
Table No. 4 provides information on the status of company-owned outlets. In 2022, the number of company-owned outlets increased from 1 to 3, with a net change of +2. This indicates that Punch King Fitness increased its company-owned locations but did not sell any to franchisees during that year.
Table No. 1, which summarizes systemwide outlet information, is not included in the provided excerpts. This table would provide a comprehensive overview of all outlets, including both franchised and company-owned locations. Reviewing this table would give a prospective franchisee a clearer picture of the overall growth and changes within the Punch King Fitness system.