How many Kidokinetics outlets were 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's 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 for the years 2021-2023, showing the number of outlets opened in each state.
For a prospective franchisee, this information is valuable in assessing the brand's growth and activity in specific regions. Seeing that 6 outlets opened in New Jersey in a single year could indicate a growing market presence and potential brand recognition in the state. This data helps potential franchisees evaluate the opportunities and competition within a specific geographic area.
It's important to note that while the table shows the number of outlets opened, it does not provide details on the performance or success of these individual locations. A prospective franchisee should further investigate the reasons behind the openings and closures, and research the market conditions in New Jersey to make an informed decision.
The table also tracks other changes in outlet status, such as terminations, non-renewals, and re acquisitions by the franchisor. However, in the case of New Jersey, there were no terminations, non-renewals or re acquisitions in 2023. This suggests a stable franchise environment, but further investigation is always recommended to understand the full picture.