What is the reported value of Subscription Receivable for Punch King Fitness?

I am unable to provide a specific value for the Subscription Receivable for Punch King Fitness, as the provided excerpts from the 2024 Franchise Disclosure Document do not include a balance sheet or financial statement that lists this figure. However, the document does define 'Subscription Receivable' as receivables stated at cost, less an allowance for doubtful accounts. Management periodically evaluates these balances and establishes an allowance based on past write-offs, collections, and current credit considerations.

While the FDD excerpts explain the accounting practices Punch King Fitness uses for subscription receivables, it does not disclose the actual value of these receivables as of December 31, 2022, or December 31, 2023. This information would typically be found on the company's balance sheet, which is part of the audited financial statements.

A prospective franchisee should ask Punch King Fitness for a complete copy of their audited financial statements, including the balance sheets, to review the actual value of subscription receivables and the allowance for doubtful accounts. This will help in assessing the financial health and stability of the franchisor.