How many Kidokinetics outlets opened in Utah during 2022?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | 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 | |
| Utah | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 3 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
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 Utah during 2022. The table provided in Item 20 of the FDD outlines the number of outlets opened in each state for the years 2021, 2022, and 2023. At the start of 2022, there were no Kidokinetics outlets in Utah.
This information is relevant for prospective franchisees as it provides insight into the brand's expansion and presence in specific geographic areas. The growth in a particular state can indicate market demand and the potential for success. However, it is important to consider that past performance does not guarantee future results.
A prospective Kidokinetics franchisee should further investigate the reasons behind the number of openings and closures in specific states. Understanding the factors that contribute to success or failure can help franchisees make informed decisions and develop effective business strategies. Additionally, it is important to analyze the competitive landscape and market conditions in the target area to assess the viability of a Kidokinetics franchise.