Who owns the Punch King Fitness Sunset, Inc. that is operated by King Lei?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
Punch King Fitness Sunset, Inc. owned by our CEO, King Lei, our CEO; Punch King Fitness Sunset, Inc., owned by Jeff Wallace, our Director of Operations; our affiliate, Punch King Fitness CMCH, LLC; and 299 Bassett Punch King, LLC, owned by Mauricio Mejia, our President have operated businesses like the Punch King Fitness franchises being offered in this disclosure document since September 2021, July 2022, and November 2022, respectively.
The Punch King Fitness marks are owned by King Lei, our CEO.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 6–7)
What This Means (2024 FDD)
According to Punch King Fitness's 2024 Franchise Disclosure Document, King Lei, who is also the CEO of Punch King Fitness, Inc., owns Punch King Fitness Sunset, Inc. This information is disclosed in Item 1 of the FDD, which covers the franchisor and any parents, predecessors, and affiliates.
This is a standard disclosure in franchise agreements, as it identifies the key individuals and entities associated with the franchise system. It is important for prospective franchisees to understand the ownership structure and the roles of individuals like King Lei, as it can impact the direction and management of the Punch King Fitness franchise.
In addition to King Lei's ownership, the FDD also mentions that Jeff Wallace, the Director of Operations, owns Punch King Fitness Sunset, Inc. as well. This indicates that the ownership of this particular entity is shared between the CEO and the Director of Operations. Furthermore, the document states that Punch King Fitness Sunset, Inc., along with other entities, has operated businesses similar to the Punch King Fitness franchises since September 2021. This provides potential franchisees with insight into the operational experience of related businesses.
Prospective franchisees should carefully review Item 1 of the FDD to fully understand the relationships between Punch King Fitness, its parent company, and its affiliates, as well as the individuals involved in the management and ownership of the franchise system.