How many Kidokinetics outlets were reacquired from franchisees in Georgia during 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' 2024 Franchise Disclosure Document, there were no outlets reacquired from franchisees in Georgia during 2022. The FDD provides data on outlet re acquisitions by state and year.
Specifically, the table in Item 20 details the number of outlets reacquired by Kidokinetics from franchisees. For Georgia in 2022, the number of reacquired outlets is listed as 0. This indicates that Kidokinetics did not take back any franchised locations in Georgia during that year.
This information is relevant for prospective franchisees as it provides insight into the stability and performance of existing franchises. A high number of re acquisitions could indicate potential issues with franchisee success or support. In this case, the absence of re acquisitions in Georgia for 2022 could be seen as a positive sign.