What was the net change in the total number of Punch King Fitness outlets during 2023?
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. 3 STATUS OF FRANCHISED OUTLETS For Years 2021 to 2023*
| 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 | Punch King Fitness April 26, 2024 54
* If multiple events occurred affecting an outlet, this table shows the event that occurred last in time.
Where a franchise territory covers more than one state, the franchise, for purposes of this table, is assigned to the state where it has the bulk of its operation, which is not necessarily the same state shown in the business address in the list of franchisees, EXHIBIT G.
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 2023 was an increase of one location. At the start of 2023, there were 3 total outlets, and by the end of the year, this number had increased to 4. This increase reflects the growth of both company-owned and franchised locations.
Specifically, for company-owned outlets, the net change in 2023 was an increase of one, with the number rising from 3 at the beginning of the year to 4 by year's end. For franchised outlets, the net change in 2023 was zero, as there were no franchised locations at the start or end of the year.
Overall, the total net change in outlets for Punch King Fitness in 2023 was driven by the growth in company-owned locations. This information is valuable for potential franchisees as it provides insight into the growth and expansion strategy of Punch King Fitness, highlighting the relative importance of company-owned versus franchised locations.