How many Kidokinetics outlets ceased operations for reasons other than termination in Pennsylvania during 2023?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
021 - 2023
| Outlets | ||||||||
|---|---|---|---|---|---|---|---|---|
| at Start | Reacquired | Ceased | ||||||
| Outlets | Termina- | Non- | Opera- | Outlets at End of | ||||
| State | Year | of | by | |||||
| the Year | Opened | tions | Renewals | Franchisor | tions-Other Reasons | the Year | ||
| Arizona | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 4 | 0 | 0 | 0 | 0 | 4 | |
| California | 2021 | 0 | 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, in 2023, one Kidokinetics outlet in Pennsylvania ceased operations for reasons other than termination. The table provided in Item 20 details the status of franchised outlets over the past three years. This information is crucial for potential franchisees to understand the stability and turnover of Kidokinetics franchises in specific regions.
Specifically, the table shows that Pennsylvania had one outlet at the start of 2023, opened three new outlets, and had one outlet cease operations for reasons other than termination, resulting in three outlets at the end of the year. No outlets were terminated or reacquired by the franchisor in Pennsylvania during that year.
This data helps prospective franchisees evaluate the risks and opportunities associated with investing in a Kidokinetics franchise in Pennsylvania. A high number of closures for reasons other than termination could indicate underlying issues with the market or franchise support, while a stable or growing number of outlets suggests a healthier business environment.