How many Kidokinetics outlets in Pennsylvania ceased operations for reasons other than termination or non-renewal during 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 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 54–59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, one outlet in Pennsylvania ceased operations for reasons other than termination or non-renewal during 2023. The table provided in Item 20 of the FDD details the status of franchised outlets, including openings, terminations, non-renewals, re acquisitions by the franchisor, and cessation of operations for other reasons.
For a prospective franchisee, this information is crucial for assessing the stability and potential risks associated with operating a Kidokinetics franchise in Pennsylvania. While one closure for 'other reasons' may not be alarming on its own, it prompts further investigation into the specific circumstances. Understanding why an outlet closed, beyond the typical reasons of termination or non-renewal, can provide valuable insights into potential challenges or market conditions in the region.
It is important to note that this data reflects past performance and may not be indicative of future results. However, it serves as a starting point for due diligence and further discussions with the franchisor and existing franchisees. A prospective franchisee should inquire about the reasons behind the closure, the support provided to franchisees in Pennsylvania, and any strategies in place to mitigate similar situations in the future.
By carefully analyzing the data presented in Item 20 and engaging in thorough due diligence, potential Kidokinetics franchisees can make informed decisions about their investment and increase their chances of success.