Besides the contribution, what other submissions might a Kidokinetics franchisee need to provide to the Cooperative?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
Each member franchisee must submit to the Cooperative, no later than Wednesday of each week, for the preceding business week, its respective contribution as provided in this Agreement together with such other statements or reports as Franchisor may require or as may be required by the Cooperative with Franchisor's approval; and
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, in addition to the weekly contribution, a franchisee must submit other statements or reports to the Cooperative. These additional submissions are required by the franchisor or the Cooperative itself, with the franchisor's approval. These submissions must be made no later than Wednesday of each week for the preceding business week.
This requirement ensures that the Cooperative has access to all necessary information for administering regional advertising programs and developing standardized advertising materials. The franchisor retains the right to request specific reports or statements, giving them oversight over the Cooperative's operations.
It is important for prospective Kidokinetics franchisees to understand that these additional reporting requirements are mandatory if a Cooperative is established in their region. Franchisees should inquire about the specific types of statements or reports that may be required to ensure they can comply with these obligations.