How many Kidokinetics outlets opened in Texas in 2023?
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's 2024 Franchise Disclosure Document, there were 18 outlets opened in Texas during 2023. The number of Kidokinetics outlets in Texas increased from 10 at the start of 2023 to 28 by the end of the year. This demonstrates significant growth in the Kidokinetics presence within the state of Texas during that year.
For a prospective franchisee, this indicates a potentially receptive market in Texas for the Kidokinetics program. The substantial increase in outlets suggests growing demand for the services offered by Kidokinetics. This could be a positive sign for new franchisees looking to establish their business in the state.
However, it is important to consider factors such as the specific locations of these new outlets and the overall market saturation in different areas of Texas. A prospective franchisee should conduct thorough market research to determine the best location for their Kidokinetics franchise and assess the level of competition in that area. It is also important to note that past performance is not indicative of future results.
Overall, the data suggests that Texas is a growing market for Kidokinetics, but prospective franchisees should carefully evaluate the specific market conditions and competition in their desired area before investing in a franchise.