How many Kidokinetics outlets opened in Virginia during 2023?
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 | |
| Virginia | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 4 | 0 | 0 | 0 | 0 | 6 |
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 4 outlets opened in Virginia during 2023. The number of Kidokinetics outlets in Virginia increased from 2 at the start of 2023 to 6 by the end of the year.
This information is valuable for potential franchisees as it provides insight into the growth and expansion of Kidokinetics in Virginia. A prospective franchisee can assess the market potential and the brand's acceptance in the state by looking at the number of new outlets. This data helps in understanding the competitive landscape and the opportunities available for a new Kidokinetics franchise in Virginia.
It's also important to note that while 4 outlets opened, none closed, terminated, or were reacquired by Kidokinetics. This suggests a stable and growing market presence in Virginia. This information, combined with other factors such as market demographics and local competition, can help a potential franchisee make an informed decision about investing in a Kidokinetics franchise.