table_specific

What is the significance of the asterisk symbols next to some of the Kidokinetics franchisee names?

Kidokinetics Franchise · 2024 FDD

Answer from 2024 FDD Document

*The other unopened outlets as of December 31, 2023 have opened as of the issuance date of this Franchise Disclosure Document and are included in the List of Franchisees.

Source: Item 23 — RECEIPT (FDD pages 59–205)

What This Means (2024 FDD)

According to Kidokinetics's 2024 Franchise Disclosure Document, the asterisk symbol next to franchisee names indicates that those outlets, which were unopened as of December 31, 2023, have since opened as of the issuance date of the FDD. This information is included in the List of Franchisees. The issuance date of the FDD is April 19, 2024.

For a prospective franchisee, this means that the list of current franchisees may include some locations that were very recently opened. This could be useful to know when contacting existing franchisees to learn about their experiences, as the newer franchisees may have insights into the initial setup and opening process.

It's important to note that the FDD also includes a list of former franchisees, detailing those who have left the Kidokinetics system for various reasons. Reviewing both current and former franchisee lists can provide a balanced perspective on the franchise opportunity. The FDD specifies that former franchisees include those who transferred, terminated, cancelled, or did not renew their agreements between January 1, 2023 and December 31, 2023, or those who have not communicated with Kidokinetics within ten weeks of the FDD's issuance date.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.