What was the net change in the number of company-owned Punch King Fitness outlets during 2021?
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 |
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, the net change in company-owned outlets during 2021 was an increase of one location. At the start of 2021, there were no company-owned Punch King Fitness outlets. By the end of 2021, one company-owned outlet was in operation, resulting in a net change of +1.
This information is relevant for prospective franchisees as it provides insight into the growth and development of company-owned locations versus franchised locations. Observing the changes in company-owned store counts can indicate the direction Punch King Fitness is taking with its business model.
It's important to note that while the net change was +1, further details regarding the specific location and performance metrics of this company-owned outlet are not provided in this table. A prospective franchisee might want to inquire about the performance of company-owned stores versus franchised locations to better understand the potential profitability and support they might receive.
Reviewing the performance of company-owned stores alongside franchised locations can provide a more comprehensive understanding of the Punch King Fitness business model and potential return on investment.