How much notice does Punch King Fitness give before revoking the approval of a supplier?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
We may revoke the approval of any supplier upon 30 days' written notice to franchisees.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 22–25)
What This Means (2024 FDD)
According to Punch King Fitness's 2024 Franchise Disclosure Document, if Punch King Fitness decides to revoke the approval of a supplier, they will provide franchisees with 30 days' written notice.
This means that if a franchisee is using a supplier that Punch King Fitness has previously approved, but the franchisor later decides to no longer approve that supplier, the franchisee will have 30 days to find a new supplier that meets Punch King Fitness's standards. This allows the franchisee time to make alternative arrangements without disrupting their business operations.
It is important for prospective franchisees to understand the implications of supplier approval and revocation. Franchisees are required to purchase fitness and training equipment from suppliers that Punch King Fitness designates or approves. Punch King Fitness can change approved suppliers, and franchisees must comply with these changes within the given notice period. This requirement ensures consistency across the Punch King Fitness brand but also limits the franchisee's autonomy in choosing suppliers.