How many Kidokinetics outlets were operating in Florida at the end of 2023?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
rs 2021 - 2023
| State | | | Outlets Opened | Outlets Reacquired From Franchisee | | | | |---|---|---|---|---|---|---|---| | | | Outlets at | | | Outlets | Outlets Sold to | Outlets at | | | Year | | | | | | | | | | Start of Year | | | Closed | Franchisee | End of Year | | | | | | | | | | | | | | | | | | | | Florida | 2021 | 1 | 3 | 0 | 0 | 0 | 4 | | | 2022 | 4 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 2 | 0 | 0 | 0 | 6 | | Georgia | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2022 | 0 | 2 | 0 | 0 | 0 | 2 |
| | | | | Outlets | | | Outlets at End of Year | |---|---|---|---|---|---|---|---| | | | Outlets at | Outlets | Reacquired | Outlets | Outlets Sold to | | | State | Year | | | | | | | | | | Start of Year | Opened | From | Closed | Franchisee | | | | | | | | | | | | | | | | Franchisee | | | | | | 2023 | 2 | 1 | 0 | 0 | 0 | 3 | | Total Outlets | 2021 | 1 | 3 | 0 | 0 | 0 | 4 | | | 2022 | 4 | 2 | 0 | 0 | 0 | 6 | | | 2023 | 6 | 3 | 0 | 0 | 0 | 9 | Table No.
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 Kidokinetics outlets operating in Florida at the end of 2023. The FDD provides a detailed breakdown of outlet activity by state, including the number of outlets at the start of the year, outlets opened, and the number of outlets at the end of the year. This information is crucial for prospective franchisees to understand the brand's presence and growth trajectory in specific geographic areas.
Specifically, the table shows that Florida started 2023 with 5 outlets, opened 2 new outlets during the year, and had 7 outlets at the end of the year. There were no terminations, non-renewals, re acquisitions by the franchisor, or ceased operations for other reasons during that year in Florida. This suggests a stable and growing market for Kidokinetics in Florida.
Analyzing this data, potential franchisees can assess the saturation and potential market opportunities within Florida. It is important to note that these figures represent the total number of Kidokinetics outlets, and further research into the performance and demographics of these locations would provide a more comprehensive understanding of the market. This information helps prospective franchisees evaluate the potential for success and make informed decisions about investing in a Kidokinetics franchise in Florida.