How many territories does the NW Broward Kidokinetics location operate in?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
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 financial data for locations operating in multiple territories is presented on a combined basis, not per territory. This means the reported operating results for the NW Broward location reflect the combined performance of all three territories.
Kidokinetics franchisees should be aware that when evaluating the financial performance of locations operating in multiple territories, the figures may be higher than what a single-territory operation might generate. The FDD explicitly states that a breakdown of these numbers by individual territory would likely result in significantly lower figures. This is an important consideration when assessing the potential revenue and profitability of a multi-territory franchise.
Furthermore, the NW Broward location operates under a prior form of the Franchise Agreement, which includes alternative fee structures such as a reduced royalty fee and the absence of Brand Development Fund contributions or technology fees. These differences in fee structure can impact the overall financial performance compared to franchises operating under the current agreement. Prospective franchisees should carefully consider these factors when comparing the performance of different locations and projecting their own potential earnings.
In summary, the NW Broward Kidokinetics franchise operates in three combined territories, and its financial results are reported as a combined entity. This distinction is crucial for prospective franchisees to understand when analyzing financial performance data and projecting potential earnings for their own Kidokinetics franchise.