How many Kidokinetics outlets opened in Texas during 2022?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlets | Termina- tions | |||||||
|---|---|---|---|---|---|---|---|---|
| at Start | Outlets | Non- | Reacquired | Ceased Opera- | Outlets at End of | |||
| State | Year | of the Year | Opened | Renewals | by Franchisor | tions-Other Reasons | the Year | |
| Texas | 2021 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 7 | 0 | 0 | 0 | 0 | 10 | |
| 2023 | 10 | 18 | 0 | 0 | 0 | 0 | 28 |
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 7 outlets opened in Texas during 2022. The table provided in Item 20 of the FDD details the number of outlets opened, terminated, and the total number of outlets at the end of the year for 2021, 2022, and 2023. This information is broken down by state.
For a prospective franchisee, this data indicates the growth and changes in the Kidokinetics franchise system over the past three years. Reviewing the number of outlets opened can provide insight into the brand's expansion rate and market penetration in specific states. It is important to note that past performance does not guarantee future results, but it can offer a general idea of the brand's development.
When evaluating this information, a potential franchisee should also consider factors such as terminations, non-renewals, and transfers to understand the stability and health of the franchise system. Additionally, it is advisable to speak with current and former franchisees to gain a comprehensive understanding of their experiences and the challenges and opportunities within the Kidokinetics system.