How many Kidokinetics outlets were operating in Tennessee 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 |
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 5 Kidokinetics outlets operating in Tennessee at the start of 2023. This information is based on the table detailing the status of franchised outlets for the years 2021-2023. The table provides a breakdown of outlets by state, showing the number of outlets at the start of each year, the number opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
For a prospective franchisee, this data indicates the growth and presence of Kidokinetics in Tennessee. Seeing that there were already 5 outlets at the beginning of 2023 suggests an established market and brand awareness in the state. However, the fact that no additional outlets were opened during 2023 might warrant further investigation to understand the market dynamics and potential challenges in the region.
It is important to note that while the table provides a snapshot of outlet activity, it does not offer insights into the performance or profitability of these outlets. A potential franchisee should consider this information in conjunction with other factors, such as market demographics, competition, and the franchisor's support and training programs, to make an informed decision. Speaking with existing franchisees in Tennessee could provide valuable qualitative insights into the opportunities and challenges of operating a Kidokinetics franchise in that specific market.
Overall, the data suggests that Tennessee is a market with some existing Kidokinetics presence, but further due diligence is necessary to fully assess its potential for a new franchisee.