Under what circumstances, besides transfer, termination, cancellation, or non-renewal, are former Kidokinetics franchisees listed in this section?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
The name and last known address of every franchisee who had a Kidokinetics Franchise transferred, terminated, cancelled, not renewed, or otherwise voluntarily or involuntarily ceased to do business under our Franchise Agreement during the period January 1, 2023 to December 31, 2023, or who has not communicated with us within ten weeks of the Issuance Date of this Franchise Disclosure Document are listed below. If you buy this Franchise, your contact information may be disclosed to other buyers when you leave the Franchise System.
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, former franchisees are listed if they have not communicated with Kidokinetics within ten weeks of the Issuance Date of the Franchise Disclosure Document. The list includes the names and last known addresses of franchisees who had their Kidokinetics Franchise transferred, terminated, cancelled, or not renewed, or who otherwise voluntarily or involuntarily ceased to do business under the Franchise Agreement during the period from January 1, 2023, to December 31, 2023.
This means that if a Kidokinetics franchisee stops communicating with the company for a period of ten weeks after April 19, 2024, (the issuance date of the FDD) they will be included in the list of former franchisees. This could occur for various reasons, such as the franchisee becoming inactive, facing health issues, or simply losing interest in the business without formally terminating the agreement.
It is also important to note that if a prospective franchisee buys a Kidokinetics franchise, their contact information may be disclosed to other buyers when they leave the Franchise System. This practice is relatively common in franchising, as franchisors often maintain lists of former franchisees for various purposes, including potential resale opportunities or market research.