How many Kidokinetics franchise agreements have been signed in New Jersey, but the outlet has not yet opened?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| Projected New | Projected New | ||
|---|---|---|---|
| Franchise Agreements Signed | |||
| State | But Outlet Not Opened | Franchised Outlets in the Next Fiscal Year | Company-Owned Outlets in the Next Fiscal Year |
| Arizona | 0 | 2 | 0 |
| California | 3 | 4 | 0 |
| Colorado | 0 | 0 | 0 |
| Florida | 0 | 3 | 0 |
| Georgia | 0 | 2 | 0 |
| Idaho | 0 | 0 | 0 |
| Illinois | 0 | 2 | 0 |
| Indiana | 0 | 0 | 0 |
| Massachusetts | 0 | 2 | 0 |
| Minnesota | 0 | 3 | 1 |
| North Carolina | 0 | 4 | 1 |
| New Jersey | 3 | 3 | 0 |
| New York | 0 | 3 | 0 |
| Oregon | 3 | 0 | 0 |
| South Carolina | 0 | 2 | 0 |
| Texas | 0 | 3 | 0 |
| Virginia | 0 | 2 | 0 |
| Total | 9 | 35 | 2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 54–59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, as of December 31, 2023, there were 3 franchise agreements signed in New Jersey for which the Kidokinetics outlet had not yet opened. This means that these franchisees have committed to opening a location but have not yet begun operations.
This information is relevant for prospective franchisees as it indicates the level of recent franchise activity in New Jersey. It could mean that the market is growing and there is interest in the Kidokinetics franchise. However, it could also mean that there are delays in opening new locations, which could be due to various factors such as site selection, permitting, or construction issues.
It is important to note that this number represents a snapshot in time and may have changed since December 31, 2023. A prospective franchisee should inquire about the reasons why these locations have not yet opened and what support Kidokinetics provides to help franchisees open their locations in a timely manner. Understanding the typical timeline for opening a franchise and the potential challenges involved is crucial for making an informed investment decision.