Does Punch King Fitness provide final written approval before I open my franchise?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
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Pre-Opening Obligations
- 1. The site for a Punch King Fitness Training Facility Franchised Business is a real property space (the Site). We do not select the site for your Punch King Fitness Franchised Business. We approve the Site for your Franchised Business (Section IV of the Franchise Agreement) (Article III of the Area Development Agreement).
- 2. For your Site, we provide building specifications for your real property space, we review your design plans, you must retain a licensed architect, and you must obtain a feasibility study prepared by a qualified third party (Section IV of the Franchise Agreement).
- 3. We provide you with the standards, specifications, and a list of designated and approved suppliers for all décor, equipment,signs, fixtures, opening inventory,supplies, products, and other materials you will need to operate the franchised business. We do not deliver or install equipment for your site. 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. We are not currently an approved supplier to our franchisees. Delivery is provided, but not installation. (Section VI of the Franchise Agreement).
- 4. We provide a listing of all products and servicesthat your Franchised Business may offer (Franchise Agreement Article VI).
- 5. We provide final written approval before opening your Punch King Fitness Franchise Business. (Section IV of the Franchise Agreement).
- 6. We provide 5 days of free-of-cost onsite assistance upon opening. We may provide additional onsite assistance at our then-current rate, which currently is $500 per day plus travel expenses (Section IV of the Franchise Agreement).
- 7. We approve the Designated Manager of your Franchised Business. We do not select or hire your employees. (Section VII of the Franchise Agreement).
- 8. We provide you with an initial training program as further described in
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 28–35)
What This Means (2024 FDD)
According to Punch King Fitness's 2024 Franchise Disclosure Document, Punch King Fitness does provide final written approval before a franchisee can open their Punch King Fitness franchise business. This is listed as one of the pre-opening obligations that Punch King Fitness provides to the franchisee.
Prior to opening, Punch King Fitness does not select the site for the Punch King Fitness Franchised Business, but they do approve the site. Punch King Fitness also provides building specifications for the real property space, reviews the franchisee's design plans, and provides a list of designated and approved suppliers for all décor, equipment, signs, fixtures, opening inventory, supplies, products, and other materials needed to operate the franchised business. Punch King Fitness also provides a listing of all products and services that the Franchised Business may offer.
In addition to providing final written approval, Punch King Fitness also provides 5 days of free-of-cost onsite assistance upon opening. After the initial 5 days, Punch King Fitness may provide additional onsite assistance at their then-current rate, which is currently $500 per day plus travel expenses. Punch King Fitness also approves the Designated Manager of the Franchised Business and provides an initial training program.