What is the reporting period covered by the financial information for the Kidokinetics locations?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
The tables below provide information on two Affiliates Locations and sixteen reporting Franchised Locations ("Reporting Group") for calendar year 2023. For the three Franchise Locations in the Reporting Group that have operated for at least 24 months as of December 31, 2023 ("Mature Franchised Locations"), we also include data regarding the costs of goods sold and operating expenses incurred by these Mature Franchise Locations. We exclude the data of the 89 franchised territories that did not operate for all twelve months of 2023.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 46–54)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, the financial performance representation for the reporting affiliate and franchise locations is based on the 2023 calendar year. Specifically, the document includes data from two affiliate locations and sixteen franchised locations.
However, the FDD excludes data from franchised territories that did not operate for the entire twelve months of 2023. For the three franchise locations that had been operating for at least 24 months as of December 31, 2023, the document also includes data regarding the costs of goods sold and operating expenses.
This means that the financial data presented in Item 19 provides a snapshot of Kidokinetics' performance during a specific period, allowing potential franchisees to understand the brand's financial potential based on the recent performance of existing locations. However, it is important to note that the performance of new locations or those that did not operate for the entire year may not be fully represented in this data.