How many Kidokinetics outlets were reacquired from franchisees in 2022?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Outlets Opened | Outlets Reacquired From Franchisee | |||||
|---|---|---|---|---|---|---|---|
| Outlets at | Outlets | Outlets Sold to | Outlets at | ||||
| Year | |||||||
| Start of Year | Closed | Franchisee | End of Year | ||||
| Florida | 2021 | 1 | 3 | 0 | 0 | 0 | 4 |
| 2022 | 4 | 0 | 0 | 0 | 0 | 4 | |
| 2023 | 4 | 2 | 0 | 0 | 0 | 6 | |
| Georgia | 2021 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 2 | 0 | 0 | 0 | 2 |
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 outlets reacquired from franchisees in 2022. This data is reflected in the provided tables, which track outlet information by state and year.
The tables provide a detailed overview of Kidokinetics's franchise system, including the number of outlets opened, reacquired, closed, and sold. This information can be valuable for potential franchisees as it offers insights into the stability and growth of the franchise system. The absence of reacquired franchises in 2022 could be interpreted positively, suggesting that franchisees are generally successful and not relinquishing their locations back to the company.
It's important to note that this data only reflects the information up to 2023. A prospective franchisee should inquire about more recent data and any potential reasons for franchise reacquisitions, closures, or transfers to gain a comprehensive understanding of the franchise's performance and stability.