What is the definition of 'Mature Franchised Locations' within the Kidokinetics financial performance representation, and what additional data is included for them?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
For the three Franchise Locations in the Reporting Group that have operated for at least 24 months as of December 31, 2023 ("Mature Franchised Locations"), we also include data regarding the costs of goods sold and operating expenses incurred by these Mature Franchise Locations. We exclude the data of the 89 franchised territories that did not operate for all twelve months of 2023.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 46–54)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, 'Mature Franchised Locations' are defined as those franchise locations that have operated for at least 24 months as of December 31, 2023. The financial performance representation includes data from sixteen reporting franchised locations.
For the three 'Mature Franchised Locations' within the reporting group, Kidokinetics also provides data regarding the costs of goods sold and operating expenses incurred by these locations. This additional data offers prospective franchisees a more detailed view of the financial performance of established Kidokinetics franchises.
It is important to note that the FDD excludes data from 89 franchised territories that did not operate for all twelve months of 2023. The financial performance representation is based on historical data from a limited number of locations and may not be representative of future performance or the performance of all Kidokinetics franchises. Prospective franchisees should conduct their own independent investigation and consider various factors, such as location, market conditions, and individual business skills, when evaluating the potential financial performance of a Kidokinetics franchise.