How many Kidokinetics franchises in Washington did not renew in 2023?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
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| 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 |
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 no franchises in Washington that did not renew their agreements in 2023. The provided table in Item 20 outlines the status of franchised outlets for the years 2021-2023, showing the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
Specifically, for Washington in 2023, the table indicates that there were zero outlets at the start of the year, three outlets were opened, and there were zero terminations, zero non-renewals, zero re acquisitions by the franchisor, and zero ceased operations for other reasons. This resulted in three outlets at the end of 2023.
This data point is crucial for potential franchisees as it provides insight into the stability and satisfaction of existing franchisees within the Kidokinetics system. A high number of non-renewals could indicate issues with the franchise model or support provided by the franchisor, while zero non-renewals, as in this case, suggests a healthy and sustainable franchise network in Washington. It is important to note that this information is limited to the specific period of 2021-2023 and may not be indicative of future trends.