What were the gross sales for the Kidokinetics Dallas location during the 2023 reporting period?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| Table 2A | ||
|---|---|---|
| Financial Information for the Dallas Location During the 2023 Reporting Period | ||
| Category | Total | % of Gross Sales |
| Gross Sales (1) | $722,755 | 100% |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 46–54)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the Dallas location's gross sales during the 2023 reporting period were $722,755. This location operates in a combined three-territory location in Texas and reports its operating results on a combined basis. It is important to note that this figure represents the total revenue generated from all goods, services, and products sold through the Kidokinetics business, including cash and credit transactions, as well as the full redemption value of gift cards and certificates.
However, this gross sales figure does not reflect the costs of sales, operating expenses, or other costs that must be deducted to determine net income or profit. The FDD emphasizes the importance of conducting an independent investigation into the costs and expenses a franchisee will incur while operating their Kidokinetics business. The document also specifies that the Dallas location operates under a prior form of Franchise Agreement with alternative fee structures, including reduced royalty fees and no Brand Development Fund Contribution or technology fees.
Prospective franchisees should be aware that the Dallas location's financial information is presented on a combined basis for all three territories it operates. The FDD advises that because the figures for the Dallas Location include aggregate totals for multiple Kidokinetics Businesses, these figures may include significantly higher Gross Sales and Net Operating Income than a franchisee would generate operating a single territory. A breakdown of these numbers by each Kidokinetics Business would result in significantly lower numbers. Therefore, the gross sales figure may not be representative of what a franchisee operating a single territory could expect.