What was the net change in the total number of 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 |
| 2023 | 3 | 4 | +1 |
Table No. 2 TRANSFERS OF OUTLETS FROM FRANCHISEES TO NEW OWNERS (Other than Franchisor) For Years 2021 to 2023
| State | Year | Number of Transfers |
|---|---|---|
| 2021 | 0 | |
| All States | 2022 | 0 |
| 2023 | 0 | |
| 2021 | 0 | |
| TOTAL | 2022 | 0 |
| 2023 | 0 |
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, the net change in the total number of outlets during 2021 was +1. The total number of Punch King Fitness outlets at the start of 2021 was 0, and the total at the end of the year was 1.
Specifically, for company-owned outlets, the net change in 2021 was also +1, with the number of company-owned outlets increasing from 0 at the start of the year to 1 by the end of the year. For franchised outlets, the net change in 2021 was 0, with 0 franchised outlets at both the start and end of the year.
In terms of specific states, California saw the opening of 1 outlet in 2021, increasing the number of outlets from 0 to 1. Therefore, prospective franchisees can see that Punch King Fitness began operations in 2021 with one company-owned location in California.