In 2023, how many Kidokinetics outlets ceased operations for reasons other than termination or non-renewal?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlets | Termina- tions | |||||||
|---|---|---|---|---|---|---|---|---|
| at Start | Outlets | Non- | Reacquired | Ceased Opera- | Outlets at End of | |||
| State | Year | of the Year | Opened | Renewals | by Franchisor | tions-Other Reasons | the Year | |
| Texas | 2021 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 7 | 0 | 0 | 0 | 0 | 10 | |
| 2023 | 10 | 18 | 0 | 0 | 0 | 0 | 28 | |
| Utah | 2021 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 54–59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, across all states in 2023, one Kidokinetics franchise ceased operations for reasons other than termination or non-renewal. Specifically, in Pennsylvania, one outlet ceased operations for other reasons.
It is important to note that this number reflects only those outlets that ceased operations for reasons other than termination or non-renewal. Terminations typically occur when a franchisee violates the franchise agreement, while non-renewals happen when the franchise agreement expires and is not extended. Ceasing operations for other reasons could include situations such as the franchisee deciding to close the business due to financial difficulties, health issues, or other personal reasons.
Prospective franchisees should consider the reasons why an outlet might cease operations and evaluate their own ability to manage and sustain a Kidokinetics franchise. Understanding the local market, managing expenses effectively, and maintaining a strong customer base are crucial for the long-term success of a Kidokinetics franchise.