How many Kidokinetics outlets opened in New Jersey 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' 2024 Franchise Disclosure Document, there were 6 outlets opened in New Jersey during 2023. The table provided in Item 20 of the FDD details the status of franchised outlets from 2021 to 2023, showing the number of outlets at the start of the year, the number opened, terminations, non-renewals, outlets reacquired by the franchisor, ceased operations for other reasons, and the number of outlets at the end of the year.
For a prospective franchisee, this information is useful in understanding the recent growth and activity of Kidokinetics in New Jersey. Seeing that 6 outlets opened in a single year suggests a growing market presence and potential demand for Kidokinetics' services in the state. This data can help a potential franchisee assess the opportunities and competition in the New Jersey market.
It is important to note that the table does not provide details on the specific locations of these outlets or the reasons for any ceased operations. A prospective franchisee should further investigate the performance and saturation of the market in specific areas of interest within New Jersey to make an informed decision.