Besides being CEO of Kidokinetics, does David Pazgan own any Kidokinetics franchises, and if so, where?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
Mr. Pazgan is our Chief Executive Officer and has been since May 2021 in Isabela, Puerto Rico. Prior to that, Mr. Pazgan was our Director of Franchise Development from August 2020 to May 2021 in Isabela, Puerto Rico. Mr. Pazgan also owns and operates three Kidokinetics franchises in Tampa, Florida through our TK Affiliate and its parent, DJE Management Consulting, LLC in Medina, Ohio and has done so since November 2021. Before joining our team, Mr. Pazgan served as President for 101 Mobility, LLC based out of Wilmington, North Carolina, from October 2008 through January 2020. Mr. Pazgan also owns a Shelf Genie franchise through DJE Management Consulting, LLC based out of Medina, Ohio and has done so since February 2019. Mr. Pazgan also provides consulting services through Cerulean Strategic Group LLC in Isabela, Puerto Rico and has done so since January 2020.
Source: Item 2 — BUSINESS EXPERIENCE (FDD pages 9–10)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, David Pazgan, the Chief Executive Officer, owns and operates Kidokinetics franchises. Specifically, he owns and operates three Kidokinetics franchises in Tampa, Florida. These franchises are operated through the TK Affiliate and its parent company, DJE Management Consulting, LLC, which is based in Medina, Ohio. Pazgan has been operating these franchises since November 2021.
This arrangement indicates that the CEO has a direct, vested interest in the success of the Kidokinetics franchise system, as he is an active franchisee himself. This could be beneficial for prospective franchisees, as the CEO's experience as a franchisee might inform his decisions and strategies for the overall franchise system. He also owns a Shelf Genie franchise through DJE Management Consulting, LLC based out of Medina, Ohio and has done so since February 2019.
However, it is important for potential franchisees to consider whether the CEO's ownership of franchises could create any conflicts of interest. For example, there might be concerns about preferential treatment or access to resources for the franchises owned by the CEO. It would be prudent for prospective franchisees to discuss these potential conflicts with the franchisor and to carefully review the franchise agreement to understand how such situations are addressed.