Across all states, how many Kidokinetics outlets ceased operations for other reasons in 2023?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
021 - 2023
| Outlets | ||||||||
|---|---|---|---|---|---|---|---|---|
| at Start | Reacquired | Ceased | ||||||
| Outlets | Termina- | Non- | Opera- | Outlets at End of | ||||
| State | Year | of | by | |||||
| the Year | Opened | tions | Renewals | Franchisor | tions-Other Reasons | the Year | ||
| Arizona | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 4 | 0 | 0 | 0 | 0 | 4 | |
| California | 2021 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 54–59)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, across all states, one outlet ceased operations for other reasons in 2023. Specifically, in Pennsylvania, one Kidokinetics outlet ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor during the 2023 fiscal year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Kidokinetics franchises. Knowing the number of outlets that have ceased operations, and the reasons why, can help a prospective franchisee assess the risks associated with investing in a Kidokinetics franchise. A high number of closures for 'other reasons' might warrant further investigation into the specific challenges faced by franchisees in certain locations.
It's important to note that while the FDD provides data on closures, it does not elaborate on the specific 'other reasons' for these closures. A potential franchisee should consider asking Kidokinetics for more detailed information about these closures to gain a better understanding of the factors that may impact the success of their own franchise. Understanding these factors can inform their business plan and location strategy, potentially mitigating some of the risks involved.