How many Kidokinetics outlets were open at the start of 2023?
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 a total of 42 outlets open at the start of 2023. This number includes both franchised and company-owned outlets. Specifically, there were 36 franchised outlets and 6 company-owned outlets operating at the beginning of 2023.
When assessing the total number of Kidokinetics outlets, it's important to consider the breakdown between franchised and company-owned locations. The FDD provides this detailed information, allowing potential franchisees to understand the composition of the Kidokinetics system. This information is usually presented to give a clear picture of the franchise's growth and operational structure.
Understanding the number of outlets at the start of the year helps in evaluating the growth and expansion rate of Kidokinetics. Reviewing the number of outlets opened during the year, as well as any closures or transfers, provides a more complete picture of the franchise's performance and stability. This data is crucial for prospective franchisees in making informed decisions about their investment.