Is the projected number of new franchised Punch King Fitness locations guaranteed?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
4 | 0 | Punch King Fitness April 26, 2024 55
The number of new franchised locations projected to be opened in the next fiscal year, as presented in the table above, is an estimate based on the best information we have as of the date of this disclosure document. There is no assurance that the actual number of openings, or the states in which we projected the openings, will be the same as our estimates.
A list of the names, addresses, and telephone numbers of all Punch King Fitness franchisees is attached to this disclosure document as EXHIBIT H.
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 projected number of new franchised locations is not guaranteed. The document states that the number of new franchised locations projected to be opened in the next fiscal year is an estimate based on the best information available as of the disclosure document's date, April 26, 2024.
Specifically, Punch King Fitness projects 2 new franchised outlets in California and 2 in Pennsylvania, for a total of 4 projected new franchised outlets. However, the FDD clarifies that there is no assurance that the actual number of openings, or the states in which the openings are projected, will match these estimates.
This means that prospective franchisees should not rely solely on these projections when making their investment decisions. Actual results may vary due to various factors, including market conditions, financing availability, and the franchisee's own performance. It is important for potential franchisees to conduct their own due diligence and market research to assess the feasibility of opening a Punch King Fitness franchise in their desired location.