What was the net change in the number of franchised Punch King Fitness outlets during the year 2021?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 |
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 the number of franchised outlets during 2021 was 0. The table provided in Item 20 of the FDD details the status of franchised outlets for the years 2021 to 2023.
The table shows that at the start of 2021, there were 0 franchised outlets. Throughout 2021, there were 0 outlets opened, 0 terminations, 0 non-renewals, 0 outlets reacquired by the franchisor, and 0 ceased operations for other reasons. Consequently, the number of franchised outlets at the end of 2021 remained at 0, resulting in a net change of 0.
This indicates that Punch King Fitness had not yet begun franchising operations as of 2021. Prospective franchisees should note this when considering the brand's track record and growth potential. It's important to further investigate Punch King Fitness's more recent growth and success in franchising to assess the opportunity fully.