Did any Kidokinetics franchises in any state have their agreements terminated in 2021, 2022, or 2023?
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 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 3 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| Virginia | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 4 | 0 | 0 | 0 | 0 | 6 | |
| Washington | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 3 | 0 | 0 | 0 | 0 | 3 | |
| Wisconsin | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | |
| Total | 2021 | 7 | 0 | 0 | 0 | 0 | 0 | 7 |
| 2022 | 7 | 29 | 0 | 0 | 0 | 0 | 36 | |
| 2023 | 36 | 89 | 0 | 0 | 0 | 0 | 125 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 54–59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, no franchises were terminated in the years 2021, 2022, and 2023. The provided tables detailing outlet information across various states and years show a consistent '0' under the 'Terminations' column for each state during these years. This indicates that no franchise agreements were terminated by Kidokinetics during this period.
This information is crucial for potential franchisees as it provides insight into the stability and health of the franchise system. A lack of terminations could suggest that franchisees are generally successful and satisfied with the Kidokinetics system. It is important to note that this data only reflects terminations initiated by the franchisor. Franchisees may have ceased operations for 'other reasons'.
While the FDD indicates no terminations, prospective franchisees should still conduct thorough due diligence. This includes speaking with current and former franchisees to understand their experiences and any challenges they may have faced. Additionally, reviewing the reasons for any 'ceased operations' can provide a more comprehensive understanding of franchise performance within the Kidokinetics system. Understanding the full context behind these figures is essential for making an informed investment decision.