In what year did Kidokinetics begin operating in Nebraska?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
021 - 2023
| Outlets | ||||||||
|---|---|---|---|---|---|---|---|---|
| at Start | Reacquired | Ceased | ||||||
| Outlets | Termina- | Non- | Opera- | Outlets at End of | ||||
| State | Year | of | by | |||||
| the Year | Opened | tions | Renewals | Franchisor | tions-Other Reasons | the Year | ||
| Arizona | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 4 | 0 | 0 | 0 | 0 | 4 | |
| California | 2021 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 54–59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, Kidokinetics began operations in Nebraska in 2023. The provided table in Item 20 shows that for the year 2021, there were zero outlets at the start of the year, zero outlets opened, and zero outlets at the end of the year. The same is true for 2022. However, in 2023, Kidokinetics opened two outlets in Nebraska, resulting in two outlets at the end of the year.
This indicates that 2023 was the first year Kidokinetics had any operational presence in Nebraska. A prospective franchisee should note this recent expansion when evaluating the market potential and brand recognition in Nebraska.
It is important to consider that while the data shows the opening of outlets, it does not specify when in 2023 the Kidokinetics locations opened. This could impact initial revenue and growth figures for a new franchisee. A potential franchisee should inquire about the performance of these initial Nebraska locations to gain a better understanding of the market dynamics and potential challenges in the state.