How many Kidokinetics outlets were reacquired by the franchisor in Idaho 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 |
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 no Kidokinetics outlets reacquired by the franchisor in Idaho during 2023. The provided table outlines the status of franchised outlets, including details on outlets opened, terminations, non-renewals, re acquisitions by the franchisor, ceased operations, and the number of outlets at the end of the year. Specifically for Idaho in 2023, the table indicates that there were zero re acquisitions by Kidokinetics.
This information is crucial for potential franchisees as it provides insight into the stability and performance of existing franchises within specific regions. A high number of re acquisitions could indicate potential issues with franchisee success or support, while a low number, as in the case of Idaho, might suggest a more stable market.
Prospective franchisees should consider this data in conjunction with other factors, such as the number of new outlets opened and the overall market conditions in Idaho, to gain a comprehensive understanding of the franchise's potential in that area. Additionally, it would be beneficial to speak with current and former franchisees in Idaho to gather firsthand insights into their experiences and the reasons behind any franchise transfers or closures.