Does Punch King Fitness have any predecessors within the last 10 years?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
Punch King, LLC, with an address of 1588 Noriega St., San Francisco, CA 94122, is our parent. We do not have and have not any predecessors during the 10-year period immediately before the close of our most recent fiscal year.
We do not have any affiliates, parents, or predecessors that offer franchises in any other line of business.
Our parent, Punch King, LLC, is the sole exclusive supplier of Punch King Punching bags, training equipment, protective gear, flooring, and hanging rack systems to Punch King Fitness franchisees.
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.
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, Punch King Fitness, Inc. does not have any predecessors during the 10-year period immediately before the close of its most recent fiscal year. However, Punch King, LLC is identified as their parent company. Several entities, including Punch King Fitness Sunset, Inc. (owned by CEO King Lei and Jeff Wallace) and Punch King Fitness CMCH, LLC, along with 299 Bassett Punch King, LLC, have operated businesses similar to Punch King Fitness franchises since September 2021, July 2022, and November 2022, respectively.
For a prospective franchisee, this means that while Punch King Fitness, Inc. itself is a relatively new entity, its parent company and related businesses have some operational history in the fitness industry. It is important to note that these related businesses have been operating under similar models for a few years, which could provide some insight into the Punch King Fitness business model.
It is also worth noting that Punch King, LLC, the parent company, is the sole exclusive supplier of Punch King Punching bags, training equipment, protective gear, flooring, and hanging rack systems to Punch King Fitness franchisees. This vertical integration could impact the costs and supply chain for franchisees, so understanding the terms of this arrangement is crucial.