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How many territories does the Kidokinetics NW Broward Location operate in?

Kidokinetics Franchise · 2024 FDD

Answer from 2024 FDD Document

The Dallas Location operates in a combined three-territory location in Texas and reports operating results on a combined basis.

The NW Broward Location operates in combined three-territory location in Florida and reports operating results on a combined basis.

Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 46–54)

What This Means (2024 FDD)

According to Kidokinetics' 2024 Franchise Disclosure Document, the NW Broward Location operates in a combined three-territory location in Florida. The FDD notes that the operating results for this location are reported on a combined basis, meaning the financial data reflects the performance of all three territories together rather than individually.

This combined reporting is significant for prospective franchisees because the financial performance of the NW Broward Location, as presented in the FDD, reflects the aggregate performance of three territories. The FDD cautions that because the figures for the NW Broward Location include aggregate totals for multiple Kidokinetics Businesses, these figures may include significantly higher Gross Sales and Net Operating Income than a franchisee would generate operating a single territory.

Kidokinetics franchisees should be aware that the NW Broward Location operates under a prior form of Franchise Agreement with alternative fee structures. Specifically, this location pays a reduced Royalty Fee and does not pay a Brand Development Fund Contribution or technology fees, which differs from the current franchise agreement. Understanding these differences is crucial for accurately assessing the financial performance data provided for this location and how it might translate to a new franchise under the current agreement.

Prospective franchisees should consider these factors when evaluating the financial performance of the NW Broward Location and consult with Kidokinetics to understand the implications of operating in multiple territories under the current franchise agreement.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.