When did the Kidokinetics North Carolina Location begin operations?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
The three Mature Franchised Locations in the Reporting Group provided expenses and cost data for the 2023 Reporting Period. The information in Tables 2A through 2C contains financial information from one franchisee that operates three territories in Dallas, Texas ("Dallas Location"), one franchisee that operates three territories in Texas ("NW Broward Location") and one franchisee that operates in one territory in Cary, North Carolina ("North Carolina Location"). Table 2A contains the financial information of the Dallas Location during the 2023 Reporting Period. Table 2B contains the financial information of the North Carolina Location during the 2023 Reporting Period. Table 2C contains the financial information of the NW Broward Location during the 2023 Reporting Period. The Dallas Location has been in operation since February 2008 and operates in three territories. The Dallas Location began operations in two of its territories in February 2008 and operations in its third territory in June 2012. The North Carolina Location began operations in February 2011 and operates in one territory. The
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 46–54)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, the North Carolina location began operations in February 2011. This location operates in a single territory located in Cary, North Carolina. The FDD references the North Carolina location when discussing financial performance representations of mature franchised locations.
The financial data from the North Carolina location is included in Table 2B of Item 19, which contains financial information from one franchisee that operates in one territory in Cary, North Carolina. This table provides prospective franchisees with insight into the potential financial performance of a Kidokinetics franchise that has been operating for a significant period.
It's important to note that the North Carolina location operates under a prior form of Franchise Agreement with alternative fee structures, including a reduced Royalty Fee and no Brand Development Fund Contribution or technology fees. The franchisor has imputed franchise-related adjustments to reflect fees and costs that franchised Kidokinetics businesses will pay under the current fee structure. This adjustment is made to provide a more accurate representation of the fees a new franchisee would incur.