Since when has Kidokinetics offered franchises for Kidokinetics Businesses?
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 Franchise LLC has been offering franchises for Kidokinetics Businesses since September 2006. The company was initially formed as Kidokinetics Franchise Corp. in Florida on July 29, 2005, and later converted into a Florida limited liability company on March 9, 2021. The principal business address for Kidokinetics is located in Davie, Florida.
For a prospective franchisee, this information establishes the history and longevity of Kidokinetics as a franchise system. Knowing that the company has been franchising since 2006 provides some reassurance regarding the maturity and experience of the franchisor. This also indicates that Kidokinetics has been operating under its corporate name and the "KIDOKINETICS" name since its inception, focusing solely on offering Kidokinetics Businesses.
It is important for potential franchisees to understand the franchisor's background and how long they have been in the franchising business. This can influence their decision-making process as they evaluate the stability and potential success of investing in a Kidokinetics franchise. Further due diligence would involve researching the performance and satisfaction of existing franchisees, as well as understanding the evolution of the Kidokinetics business model since 2006.