Since what month and year has Kidokinetics offered franchises?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
We were formed in the State of Florida on July 29, 2005 as a Florida corporation, Kidokinetics Franchise Corp., and converted into a Florida limited liability company on March 9, 2021. Our principal business address is 10428 West SR 84, Unit 1, Davie, Florida 33324. We do business under our corporate name and the name "KIDOKINETICS." We offer franchises ("Kidokinetics Franchises" or "Franchise(s)") for Kidokinetics Businesses and have done so since September 2006. We do not conduct business under any other name or in any other line of business and we do not offer franchises in any other line of business. We do not conduct, and have never conducted, a business of the type described in this Franchise Disclosure Document. We grant Franchises to qualified persons or business entities to use the "KIDOKINETICS" trademarks and certain associated logos (the "Marks").
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–9)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, Kidokinetics has been offering franchises since September 2006. This means that as of the FDD date, Kidokinetics has roughly 18 years of experience in franchising their business model.
For a potential franchisee, this indicates a relatively established franchise system. The franchisor's experience can be valuable in providing support, training, and guidance to new franchisees. It also suggests that the Kidokinetics business model has been tested and refined over time.
However, it is important for prospective franchisees to conduct thorough due diligence. This includes researching the performance of existing Kidokinetics franchisees, understanding the level of support provided by the franchisor, and evaluating the competitive landscape in their target market. While the franchisor has been offering franchises since 2006, the success of individual franchisees can vary depending on a variety of factors.