What does 'we' or 'us' refer to in the Punch King Fitness disclosure document?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
To simplify the language in this disclosure document, "Punch King Fitness, Inc.," "Punch King Fitness," "we," or "us" means Punch King Fitness, Inc., the franchisor. "You" means the business entity that buys the franchise and includes each entity's partner, shareholder, member, or other owners. Punch King Fitness, Inc. is a California Corporation formed on November 9, 2021. Our principal office is located at 1588 Noriega St., San Franciso, CA 94122. Our agents for service of process are listed in EXHIBIT F.
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, the terms "Punch King Fitness, Inc.," "Punch King Fitness," "we," or "us" are used to refer to Punch King Fitness, Inc., the franchisor. The document clarifies that "you" refers to the business entity that purchases the franchise, including its partners, shareholders, members, or other owners. Punch King Fitness, Inc. is identified as a California Corporation formed on November 9, 2021, with its principal office located at 1588 Noriega St., San Franciso, CA 94122.
This definition is crucial for a prospective franchisee as it clarifies the roles and responsibilities of each party within the franchise agreement. Understanding that "we" or "us" refers specifically to Punch King Fitness, Inc. ensures that franchisees can accurately interpret the obligations and rights outlined in the Franchise Disclosure Document and related agreements. This distinction helps avoid confusion and ensures clear communication between the franchisor and franchisee.
Furthermore, the FDD specifies that Punch King, LLC is the parent company of Punch King Fitness, Inc. and 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 information is important for prospective franchisees to understand the supply chain and potential sourcing requirements for their franchise. The document also mentions other entities related to Punch King Fitness, such as Punch King Fitness Sunset, Inc. and Punch King Fitness CMCH, LLC, which have operated similar businesses, providing insight into the experience and background of individuals involved with the franchise system.