What was the total number of Punch King Fitness outlets at the end of 2023?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
FORMATION**
Table No. 1 SYSTEMWIDE OUTLET SUMMARY For Years 2021 to 2023
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2021 | 0 | 0 | 0 | |
| Franchised Outlets | 2022 | 0 | 0 | 0 |
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2023 | 0 | 0 | 0 | |
| 2021 | 0 | 1 | +1 | |
| Company-Owned | 2022 | 1 | 3 | +2 |
| 2023 | 3 | 4 | +1 | |
| 2021 | 0 | 1 | +1 | |
| TOTAL OUTLETS | 2022 | 1 | 3 | +2 |
| 2023 | 3 | 4 | +1 |
Table No. 2 TRANSFERS OF OUTLETS FROM FRANCHISEES TO NEW OWNERS (Other than Franchisor) For Years 2021 to 2023
| State | Year | Number of Transfers |
|---|---|---|
| 2021 | 0 | |
| All States | 2022 | 0 |
| 2023 | 0 | |
| 2021 | 0 | |
| TOTAL | 2022 | 0 |
| 2023 | 0 |
Table No. 3 STATUS OF FRANCHISED OUTLETS For Years 2021 to 2023*
| State | Year | Outlets at Start of Year | Outlets Opened | Termina tions | Non- Renewals | Reacquired by Franchisor | Ceased Operati ons Other Reasons | Outlets at End of the Year | |---|---|---|---|---|---|---|---|---| | All States | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | TOTAL | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Punch King Fitness April 26, 2024 54
* If multiple events occurred affecting an outlet, this table shows the event that occurred last in time.
Where a franchise territory covers more than one state, the franchise, for purposes of this table, is assigned to the state where it has the bulk of its operation, which is not necessarily the same state shown in the business address in the list of franchisees, EXHIBIT G.
Table No.
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, the total number of outlets at the end of 2023 was 4. This total is comprised of company-owned outlets, as the number of franchised outlets remained at 0 during this period.
Specifically, at the start of 2023, there were 3 total outlets. During 2023, 1 outlet was opened, resulting in 4 outlets at the end of the year. All of these outlets are company-owned.
Of these 4 total outlets, 3 were located in California and 1 was located in New Jersey at the end of 2023. This information is crucial for prospective franchisees to understand the current scale and geographic distribution of Punch King Fitness.