How many Kidokinetics outlets opened in Nebraska 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 2 Kidokinetics outlets opened in Nebraska during 2023. The table provided in Item 20 of the FDD details the number of outlets opened in each state for the years 2021, 2022, and 2023. This information is useful for potential franchisees to understand the brand's growth and presence in specific geographic areas.
For a prospective Kidokinetics franchisee, this data indicates the level of market penetration and brand recognition in Nebraska. The opening of two outlets in 2023 suggests a growing interest in the Kidokinetics program within the state. This information, combined with other market research, can help a franchisee assess the potential demand and competition in their target territory.
It's important to note that the table also includes data on outlets at the start and end of each year, terminations, non-renewals, reacquired franchises, and ceased operations. Reviewing these factors provides a more comprehensive understanding of the stability and performance of Kidokinetics franchises in Nebraska and other states. This historical data can be used to identify trends and potential challenges that may impact the success of a new franchise location.
Overall, the outlet information presented in Item 20 offers valuable insights for prospective Kidokinetics franchisees. By analyzing the number of outlets opened, closed, and transferred in different states, franchisees can gain a better understanding of the franchise system's performance and potential for growth in their desired market.