How many company-owned Kidokinetics outlets were operating at the start of 2022?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised Outlets* | 2021 | 7 | 7 | 0 |
| 2022 | 7 | 36 | +29 | |
| 2023 | 36 | 121 | +85 | |
| Company-Owned** | 2021 | 1 | 4 | +3 |
| 2022 | 4 | 6 | +2 | |
| 2023 | 6 | 9 | +3 | |
| Total Outlets | 2021 | 8 | 11 | +3 |
| 2022 | 11 | 42 | +31 | |
| 2023 | 42 | 130 | +88 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 54–59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, there were 4 company-owned outlets at the start of 2022. This information is part of a system-wide outlet summary that also includes data on franchised outlets. The document provides a detailed overview of the Kidokinetics franchise system's growth and changes over the years 2021-2023.
For a prospective franchisee, this data indicates the scale of Kidokinetics's corporate operations alongside its franchised locations. It's important to note that the company-owned outlets increased from 1 in 2021 to 4 by the start of 2022, and then to 6 by the end of 2022, showing a growth trend in company-operated locations as well. This could reflect Kidokinetics's strategy in managing and expanding its brand presence.
Understanding the balance between franchised and company-owned outlets can be crucial for potential franchisees. It may offer insights into Kidokinetics's business model, resource allocation, and overall growth strategy. Franchisees might want to further investigate the performance metrics of both types of outlets to assess potential revenue and operational strategies.
Reviewing the complete table in Item 20 of the FDD provides a clear picture of the Kidokinetics franchise system's evolution. This includes the number of franchised outlets, company-owned outlets, and the total number of outlets, along with the net changes each year. This information helps prospective franchisees understand the growth trajectory and stability of the Kidokinetics franchise system.