What was the net change in the number of franchised Punch King Fitness outlets during 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 was no net change in the number of franchised outlets during 2022. The number of franchised outlets remained at zero for the entire year.
This indicates that Punch King Fitness had not yet begun franchising as of 2022, or that any franchise agreements signed did not result in operational outlets. A potential franchisee should investigate why there were no franchised locations during this period. It could be due to a recent launch of the franchise program, delays in opening new locations, or other factors.
It's important to note that while there were no franchised outlets, the company did have company-owned outlets. In 2022, the number of company-owned outlets increased from 1 to 3, representing a net change of +2. This suggests that Punch King Fitness was still developing its business model and expanding its presence through company-owned locations during that time.