Does Punch King Fitness select the site for the Franchised Business?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
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Punch King Fitness April 26, 2024 32 The site of a Punch King Fitness Training Facility Franchised Business is a 1,500 to 3000 square feet standalone building or space within a shopping center for Boutique Locations, 4,000 to 7,000 square feet space for a Medium Size Location, 7,000 to 10,000 square feet for a Full Fitness location, and 10,000 to 1500 square feet for a Big Box Locations. The Big Box location is our largest size location with between 10,000 to 1500 square feet. We do not select your site. Your site is subject to our approval (Section IV of the Franchise Agreement). We generally do not own or lease the premises or Site to franchises for the operation of the Franchised Business. To obtain our approval, you must provide all information and
documents about the site we require. The factors we consider in approving sites are general location and neighborhood, competition, trade area demographics, traffic patterns, parking, size, physical characteristics of existing buildings, and lease terms. The time limit for us to approve or disapprove your proposed site is 30 days after you submit all of our required documents and information. 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.
The typical time between signing the Franchise Agreement, the first payment of consideration for the franchise, and opening the franchised business varies. However, you should be able to commence operation within 6 months after signing as required by the Franchise Agreement.
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 not select the site for the Franchised Business. The responsibility of site selection falls on the franchisee. However, the site is subject to Punch King Fitness's approval.
The FDD specifies that the site for a Punch King Fitness Training Facility Franchised Business is a real property space. The document outlines the size requirements for different types of locations: 1,500 to 3,000 square feet for Boutique Locations, 4,000 to 7,000 square feet for Medium Size Locations, 7,000 to 10,000 square feet for Full Fitness locations, and 10,000 to 15,000 square feet for Big Box Locations. Punch King Fitness generally does not own or lease the premises for the operation of the Franchised Business.
To obtain Punch King Fitness's approval, the franchisee must provide all required information and documents about the site. The factors that Punch King Fitness considers in approving sites include general location and neighborhood, competition, trade area demographics, traffic patterns, parking, size, physical characteristics of existing buildings, and lease terms. Punch King Fitness has 30 days to approve or disapprove a proposed site after the franchisee submits all required documents and information. Punch King Fitness provides building specifications for the real property space and reviews the franchisee's design plans. The franchisee must retain a licensed architect and obtain a feasibility study prepared by a qualified third party for the site.
The franchisee is 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. Punch King Fitness may provide assistance to ensure that the site conforms to local ordinances and building codes or obtain required permits, but they are not obligated to do so. If a franchisee does not secure a site, Punch King Fitness does not approve a site, or the franchisee and Punch King Fitness do not agree on a site within 1 month from signing the Franchise Agreement, Punch King Fitness may terminate the Franchise Agreement and retain all monies paid.