How many Kidokinetics outlets opened in Ohio during 2022?
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 |
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 Ohio during 2022. The table provided in Item 20 of the FDD outlines the status of franchised outlets, including the number of outlets opened, terminations, non-renewals, and outlets at the end of the year for each state. This information helps prospective franchisees understand the growth and stability of the Kidokinetics franchise system in different regions.
Specifically, the table shows that Ohio had 0 outlets at the start of 2022 and ended the year with 3 outlets. This indicates a moderate expansion of Kidokinetics in Ohio during that year. None of the outlets were reacquired by the franchisor, ceased operations for other reasons, or faced terminations or non-renewals, suggesting stable operations for the new outlets.
For a prospective franchisee, this data is valuable in assessing the potential market and competition in Ohio. It is important to note that past performance does not guarantee future results, and franchisees should conduct their own market research to determine the viability of a Kidokinetics franchise in their specific location. Additionally, understanding the reasons behind outlet closures or transfers, if any, can provide further insights into the challenges and opportunities within the Kidokinetics system.