What was the net change in the number of company-owned Kidokinetics outlets during 2021?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
21 - 2023
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised Outlets* | 2021 | 7 | 7 | 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, the net change in the number of company-owned outlets during 2021 was +3. This means that Kidokinetics opened three more company-owned locations than it closed during that year. At the start of 2021, there was 1 company-owned Kidokinetics outlet, and by the end of the year, there were 4.
For a prospective franchisee, this indicates the growth and expansion of Kidokinetics's company-owned operations. While franchisees operate their own territories, the success of company-owned stores can reflect positively on the brand's overall performance and market presence.
It's important to note that these company-owned locations are in specific counties in Florida and in Smyrna, Georgia. A potential franchisee might want to understand the performance metrics of these company-owned locations and how they contribute to the overall brand strategy and revenue.