Does Punch King Fitness require a feasibility study for my site?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
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 for the Site of your Franchised Business (Section IV of the Franchise Agreement). You are responsible for conforming the Site premises to local ordinances and building codes and obtaining any required permits for constructing, remodeling, or decorating the Site premises. We may but are not obligated to provide you with assistance to ensure that your Site conforms to local ordinances and building codes or obtain any required permits for construction or remodeling.
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, a feasibility study is required for the site of your franchised business. Specifically, you must obtain a feasibility study prepared by a qualified third party for the site. This requirement is mentioned in the context of site selection and pre-opening obligations. Punch King Fitness also provides building specifications and reviews your design plans, and you are required to retain a licensed architect.
The feasibility study is also required if you decide to relocate or remodel your Punch King Fitness franchise. This ensures that any changes to the location are carefully considered and align with the brand's standards. Punch King Fitness does not select the site but does require approval of the site, considering factors such as general location, competition, demographics, traffic patterns, parking, size, physical characteristics, and lease terms.
The franchisee is responsible for ensuring the site conforms to local ordinances and building codes, as well as obtaining the necessary permits for construction or remodeling. While Punch King Fitness may offer assistance in this area, they are not obligated to do so. The franchisor's approval of the site takes 30 days after you submit all required documents and information.