In Virginia, what is the franchisor's stockholders' equity as of December 31, 2023, for Kidokinetics?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
Virginia, that provision may not be enforceable.
The following risk factor is added to the Special Risks to Consider About This Franchise page:
Estimated Initial Investment. The f
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the franchisor's stockholders' equity as of December 31, 2023, is disclosed within a special addendum for Virginia. This addendum acknowledges specific regulations within the Virginia Retail Franchising Act.
The FDD states that the estimated initial investment for a Kidokinetics franchise ranges from $110,500 to $144,700. In comparison, Kidokinetics's stockholders' equity as of December 31, 2023, was ($1,596,773).
This means that the company's liabilities exceeded its assets by $1,596,773 as of that date. This is a notable figure for prospective franchisees to consider, as it provides insight into the financial health and stability of Kidokinetics at the end of 2023. It is important to review the complete financial statements in Exhibit D of the FDD to fully understand the franchisor's financial condition.