What is the amount of the Enhanced Business Coaching and Training Fee for a first-time Kidokinetics franchisee?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
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If you are purchasing your first Kidokinetics Business, you will be required to pay a fee of $7,500 for certain opening support services (the "Enhanced Business Coaching and Training Fee"). The Enhanced Business Coaching and Training Fee includes two days of in-person business coaching and training services ("Enhanced Business Coaching and Training Services") within your Territory (as defined in Item 12). If you purchase additional Kidokinetics Business, you are not required to buy the Enhanced Business Coaching and Training Services, but you can choose to pay the Enhanced Business Coaching and Training Fee if you want optional Enhanced Business Coaching and Training in your Area. This fee is due upon signing the Franchise Ag
Source: Item 5 — INITIAL FEES (FDD pages 11–13)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, a first-time franchisee is required to pay $7,500 for Enhanced Business Coaching and Training Services. This fee covers two days of in-person business coaching and training within the franchisee's designated territory. This service aims to provide support as the franchisee starts their Kidokinetics business. The fee is due upon signing the Franchise Agreement.
This Enhanced Business Coaching and Training Fee covers Kidokinetics' costs and expenses, including administrative and overhead, related to providing these services. The FDD specifies that the fee is uniform and non-refundable under any circumstances. While Kidokinetics currently provides these services directly, they may designate an affiliate to do so in the future.
The Enhanced Business Coaching and Training Services are intended to be fully applied within six months of signing the Franchise Agreement. However, the document allows for the possibility of these services being provided at a later date or extended upon mutual written agreement between Kidokinetics and the franchisee. For franchisees purchasing additional Kidokinetics businesses, this Enhanced Business Coaching and Training Service is optional.