In total, how many Punch King Fitness outlets opened in 2022?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Reacquired from Franchisees | Outlets Closed | Outlets Sold to Franchisees | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| 2021 | 0 | 1 | 0 | 0 | 0 | 1 | |
| California | 2022 | 1 | 1 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 1 | 0 | 0 | 0 | 3 | |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | |
| New Jersey | 2022 | 0 | 1 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2021 | 0 | 1 | 0 | 0 | 0 | 1 | |
| TOTAL | 2022 | 1 | 2 | 0 | 0 | 0 | 3 |
| 2023 | 3 | 1 | 0 | 0 | 0 | 4 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 53–56)
What This Means (2024 FDD)
According to Punch King Fitness's 2024 Franchise Disclosure Document, there were a total of 2 Punch King Fitness outlets opened in 2022. One outlet was opened in California and one in New Jersey. This brought the total number of outlets at the end of 2022 to 3.
It is important to note that these figures only reflect company-owned stores. The FDD indicates that no franchised outlets opened in 2022. A prospective franchisee should inquire about the company's plans for opening additional franchised locations and what support is provided to new franchisees during their initial years of operation.
Tracking the growth and changes in outlet numbers is a standard practice in franchise FDDs. This information helps potential franchisees assess the brand's expansion, stability, and overall health. Reviewing this data over several years can reveal trends and potential areas of concern or opportunity.