How many Kidokinetics outlets were operating in Virginia at the start of 2022?
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 | |
| Virginia | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 4 | 0 | 0 | 0 | 0 | 6 | |
| Washington | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 3 | 0 | 0 | 0 | 0 | 3 | |
| Wisconsin | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | |
| Total | 2021 | 7 | 0 | 0 | 0 | 0 | 0 | 7 |
| 2022 | 7 | 29 | 0 | 0 | 0 | 0 | 36 | |
| 2023 | 36 | 89 | 0 | 0 | 0 | 0 | 125 |
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 zero Kidokinetics outlets operating in Virginia at the start of 2022. The table provided in Item 20 of the FDD outlines the status of franchised outlets from 2021 to 2023.
This information is crucial for potential franchisees as it provides insight into Kidokinetics's market presence and growth trajectory within Virginia. The absence of any operational outlets at the beginning of 2022 suggests that Kidokinetics was just starting to establish its footprint in the state.
For a prospective franchisee, this could represent both an opportunity and a challenge. The opportunity lies in being among the first to establish the Kidokinetics brand in the area, potentially capturing a significant market share. The challenge involves the need to build brand awareness and customer base from scratch. It would be prudent to investigate the reasons for the initial lack of presence and the subsequent growth in 2022 and 2023 to better assess the market dynamics and potential risks.