When did the Kidokinetics NW Broward Location begin operations in its second and third territories?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
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
NW Broward Location began operations in its first territory in January 2014 and in its second and third territories in October 2020.
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 began operations in its first territory in January 2014 and expanded into its second and third territories in October 2020. This information is part of the financial performance representations provided in Item 19 of the FDD.
This specific detail is relevant for prospective franchisees as it provides insight into the growth trajectory of an existing Kidokinetics location. Understanding the timeline for territory expansion can help franchisees plan their own business development and market penetration strategies. It also gives an idea of how long it might take to fully establish a Kidokinetics franchise in multiple territories.
It's important to note that the NW Broward Location operates in a combined three-territory location and reports its operating results on a combined basis. This means the financial data presented reflects the overall performance of the three territories together, rather than individual performance metrics for each territory. Prospective franchisees should consider this when evaluating the financial performance of the NW Broward Location as an example for their own potential business.