How many Kidokinetics outlets were operating in North Carolina at the start of 2023?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
021 - 2023
| Outlets | ||||||||
|---|---|---|---|---|---|---|---|---|
| at Start | Reacquired | Ceased | ||||||
| Outlets | Termina- | Non- | Opera- | Outlets at End of | ||||
| State | Year | of | by | |||||
| the Year | Opened | tions | Renewals | Franchisor | tions-Other Reasons | the Year | ||
| Arizona | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 4 | 0 | 0 | 0 | 0 | 4 | |
| California | 2021 | 0 | 0 | 0 | 0 | 0 |
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 one Kidokinetics outlet operating in North Carolina at the start of 2023. The table provided in Item 20 of the FDD details the status of franchised outlets over the past three years, broken down by state. This information is useful for prospective franchisees to understand the brand's existing footprint and growth trajectory in specific geographic areas.
Specifically, the table shows the number of outlets at the start of the year, the number opened, terminations, non-renewals, outlets reacquired by the franchisor, ceased operations for other reasons, and the number of outlets at the end of the year. For North Carolina, the data indicates a single outlet operating at the beginning of 2023, with three additional outlets opening during the year, resulting in a total of four outlets by the end of 2023.
This level of detail can help potential franchisees assess the market saturation and competitive landscape in North Carolina. It also provides insight into the stability and performance of existing Kidokinetics franchises in the state. Reviewing this data in conjunction with other factors, such as population demographics and local interest in children's fitness programs, can inform a franchisee's decision-making process.
It is important to note that past performance is not indicative of future results, and franchisees should conduct their own due diligence to evaluate the potential success of a Kidokinetics franchise in their desired territory.