How many franchised 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 7 franchised outlets operating at the start of 2022. This number is based on the data provided in the System-wide Outlet Summary table, which tracks the number of franchised and company-owned outlets from 2021 to 2023.
For a prospective franchisee, this indicates the size and growth trajectory of the Kidokinetics franchise system. The increase from 7 outlets at the beginning of 2022 to 36 by the end of the year shows significant expansion. This growth could be seen as a positive sign, suggesting increasing market demand and successful franchise operations.
However, it's important to consider that past performance does not guarantee future results. A potential franchisee should investigate the reasons behind this growth, such as the effectiveness of Kidokinetics's business model, the level of support provided to franchisees, and the overall market conditions. Understanding these factors can help in assessing the potential risks and rewards of investing in a Kidokinetics franchise.
Furthermore, the FDD also specifies that a single franchisee may operate multiple outlets, meaning that the number of franchisees may be lower than the number of outlets. Reviewing Exhibit E of the FDD, as referenced in the document, would provide more detailed information on current and former franchisees.