How many Kidokinetics outlets were operating in Utah at the end of 2023?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | 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 | |
| Utah | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 3 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
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 Utah at the end of 2023. The table provided in Item 20 of the FDD details the status of franchised outlets for the years 2021 through 2023, broken down by state. This includes information on outlets at the start of the year, outlets opened during the year, terminations, non-renewals, re acquisitions by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
Specifically for Utah, the table shows that there were 0 outlets at the start of 2021, 3 outlets opened in 2022, and 0 outlets opened in 2023. There were no terminations, non-renewals, re acquisitions, or ceased operations during this period. This indicates a steady growth in the number of Kidokinetics franchises in Utah over these three years.
For a prospective franchisee, this information is useful for understanding the growth and stability of the Kidokinetics brand in Utah. The fact that there were no closures or transfers suggests that the existing franchises are performing well. However, it's important to note that past performance is not indicative of future results, and prospective franchisees should conduct their own due diligence to assess the market potential and risks associated with opening a Kidokinetics franchise in Utah.