How many Kidokinetics outlets were operating in Texas at the start of 2023?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 | |
| Texas | 2021 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 7 | 0 | 0 | 0 | 0 | 10 | |
| 2023 | 10 | 18 | 0 | 0 | 0 | 0 | 28 |
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 3 Kidokinetics outlets operating in Texas at the start of 2023. The table provided in Item 20 of the FDD offers a detailed breakdown of outlet activity by state, including the number of outlets at the beginning of the year, outlets opened during the year, and the total at the end of the year. This information is crucial for prospective franchisees to understand the brand's presence and growth trajectory in specific regions.
Specifically, the data shows that in 2023, 18 new Kidokinetics outlets were opened in Texas, bringing the total to 28 by 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. This detailed view helps potential franchisees assess the stability and expansion of Kidokinetics in Texas.
Understanding the historical data on outlet openings and closures, as well as the overall number of operating franchises in a state like Texas, can inform a franchisee's decision-making process. It provides insights into market saturation, brand recognition, and the potential for further growth. Reviewing this information in conjunction with other sections of the FDD, such as Item 19 (Financial Performance Representations) and Item 21 (Financial Statements), can offer a comprehensive view of the franchise's health and potential.