How many total Punch King Fitness outlets were operating at the start 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.
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, at the start of 2022, there was a total of one Punch King Fitness outlet. This total includes one company-owned outlet and zero franchised outlets. By the end of 2022, the total number of Punch King Fitness outlets had increased to three, all of which were company-owned.
For a prospective franchisee, this indicates that Punch King Fitness was a very new franchise system at the beginning of 2022. The growth in company-owned stores during 2022 suggests that the company may have been testing and refining its business model before expanding through franchising.
It's important to note that all locations open at the start of 2022 were company-owned. The FDD indicates that no franchised locations were in operation at that time. This is a common practice for emerging franchises, as it allows the franchisor to maintain greater control over quality and brand consistency during the initial stages of development.