How many total Punch King Fitness outlets were operating at the end of 2022?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
FORMATION**
Table No. 1 SYSTEMWIDE OUTLET SUMMARY For Years 2021 to 2023
| 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 |
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2023 | 0 | 0 | 0 | |
| 2021 | 0 | 1 | +1 | |
| Company-Owned | 2022 | 1 | 3 | +2 |
| 2023 | 3 | 4 | +1 | |
| 2021 | 0 | 1 | +1 | |
| TOTAL OUTLETS | 2022 | 1 | 3 | +2 |
| 2023 | 3 | 4 | +1 |
Table No. 2 TRANSFERS OF OUTLETS FROM FRANCHISEES TO NEW OWNERS (Other than Franchisor) For Years 2021 to 2023
| State | Year | Number of Transfers |
|---|---|---|
| 2021 | 0 | |
| All States | 2022 | 0 |
| 2023 | 0 | |
| 2021 | 0 | |
| TOTAL | 2022 | 0 |
| 2023 | 0 |
Table No. 3 STATUS OF FRANCHISED OUTLETS For Years 2021 to 2023*
| State | Year | Outlets at Start of Year | Outlets Opened | Termina tions | Non- Renewals | Reacquired by Franchisor | Ceased Operati ons Other Reasons | Outlets at End of the Year | |---|---|---|---|---|---|---|---|---| | All States | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | TOTAL | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Punch King Fitness April 26, 2024 54
* If multiple events occurred affecting an outlet, this table shows the event that occurred last in time.
Where a franchise territory covers more than one state, the franchise, for purposes of this table, is assigned to the state where it has the bulk of its operation, which is not necessarily the same state shown in the business address in the list of franchisees, EXHIBIT G.
Table No.
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 3 outlets operating at the end of 2022. These consisted of company-owned locations, as there were zero franchised locations open at that time. This information is crucial for potential franchisees to understand the brand's growth trajectory and market presence.
Specifically, at the start of 2022, there was 1 company-owned outlet. During 2022, 2 additional company-owned outlets were opened, resulting in a total of 3 company-owned outlets by the end of the year. The FDD also provides a breakdown by state, showing that California had 2 outlets and New Jersey had 1 outlet at the end of 2022.
It's important to note that all of these locations were company-owned, indicating that Punch King Fitness may have been in an early stage of franchising during this period. Prospective franchisees should consider this information when evaluating the franchise opportunity, as it may reflect the level of support and brand recognition they can expect in their own market.