How many Kidokinetics outlets opened in Michigan 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 |
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 3 Kidokinetics outlets opened in Michigan during 2023. The table provided in Item 20 of the FDD details the number of outlets opened, terminated, and closed for each state over the past three years. This information is useful for potential franchisees to understand the growth and stability of the Kidokinetics franchise system in different regions.
Specifically, the table shows that at the start of 2023, there were no Kidokinetics outlets in Michigan. Throughout 2023, three new outlets were opened, and no outlets were terminated, not renewed, reacquired by the franchisor, or ceased operations for other reasons. This resulted in a total of three Kidokinetics outlets in Michigan by the end of 2023.
This data point gives prospective franchisees insight into the recent expansion of Kidokinetics in Michigan. It is important to note that past performance does not guarantee future results, and franchisees should conduct their own market research to determine the potential for success in their specific territory. Reviewing the overall trends in outlet openings and closures across different states can provide a broader understanding of the Kidokinetics franchise system's performance.