How many Kidokinetics outlets were operating in North Carolina at the end of 2022?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | of | ||||||
|---|---|---|---|---|---|---|---|---|
| North Carolina | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 3 | 0 | 0 | 0 | 0 | 4 |
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 was 1 Kidokinetics outlet operating in North Carolina at the end of 2022. The FDD provides a detailed table outlining the status of franchised outlets by state. This table includes information on the number of outlets at the start of the year, outlets opened, terminations, non-renewals, reacquired outlets, ceased operations, and the number of outlets at the end of the year.
For a prospective franchisee, this information is valuable in understanding the growth and stability of the Kidokinetics franchise in specific geographic areas. The presence of an existing outlet could indicate market potential and brand recognition, but it's also important to consider factors such as local competition and demographics.
It is important to note that while the table provides a snapshot of outlet activity, it does not offer insights into the financial performance or operational challenges of individual locations. A prospective franchisee should conduct thorough due diligence, including speaking with current and former franchisees, to gain a comprehensive understanding of the Kidokinetics franchise opportunity in North Carolina and other states of interest.
Furthermore, the FDD also includes projections for new franchised outlets in the next fiscal year, which can provide additional insights into the franchisor's growth strategy and expectations for specific markets. For North Carolina, the projection is for 4 new franchised outlets and 1 company-owned outlet.