How many Kidokinetics outlets were 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' 2024 Franchise Disclosure Document, there were 3 outlets opened in Michigan during 2023. The table provided in Item 20 of the FDD details the status of franchised outlets for the years 2021-2023, broken down by state. This information is useful for prospective franchisees to understand the recent growth and activity of the Kidokinetics franchise system in specific geographic areas.
Specifically, the table shows that at the start of 2023, there were no Kidokinetics outlets in Michigan. Throughout 2023, 3 new outlets were opened. There were no terminations, non-renewals, re acquisitions by the franchisor or ceased operations for other reasons. This resulted in a total of 3 Kidokinetics outlets in Michigan at the end of 2023.
This type of historical data is commonly presented in FDDs to give potential franchisees insight into the brand's expansion, stability, and overall performance across different regions. Reviewing this table allows a prospective Kidokinetics franchisee to assess the brand's presence and growth trajectory in Michigan, which can inform their decision-making process.