In which state did Kidokinetics have the most outlets at the end of 2023?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlets | Termina- tions | |||||||
|---|---|---|---|---|---|---|---|---|
| at Start | Outlets | Non- | Reacquired | Ceased Opera- | Outlets at End of | |||
| State | Year | of the Year | Opened | Renewals | by Franchisor | tions-Other Reasons | the Year | |
| Texas | 2021 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 7 | 0 | 0 | 0 | 0 | 10 | |
| 2023 | 10 | 18 | 0 | 0 | 0 | 0 | 28 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 54–59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, Texas had the most outlets at the end of 2023 with a total of 28. This can be found in Item 20, which details the number of outlets per state over the past three years. The information is presented in a table format, making it easy to compare the number of outlets in each state.
For a prospective franchisee, this information is valuable in understanding where Kidokinetics has a strong presence and where there may be opportunities for growth. It also shows which markets are already saturated. Texas, with 28 outlets, indicates a potentially strong market for Kidokinetics services, but also suggests higher competition compared to states with fewer outlets.
It's important to note that while Texas has the highest number of outlets, this doesn't necessarily mean it's the most profitable market. Other factors such as population density, local demographics, and the effectiveness of local marketing efforts can all influence the success of a Kidokinetics franchise in a particular state. A prospective franchisee should investigate these factors in addition to the number of existing outlets.
Overall, the data in Item 20 provides a useful overview of Kidokinetics's geographic distribution and growth patterns. However, prospective franchisees should conduct their own due diligence to determine the best location for their franchise, considering factors beyond just the number of existing outlets.