What data and information is a Kidokinetics franchisee required to store in the Computer System?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
The Computer System will manage the daily workflow of the Kidokinetics Business, register your participants, market to them, report to us, and perform other functions. You must record all Gross Sales on the Computer System. You must use the Computer System to track all online and offline registrations. You must store all data and information in the Computer System that we designate, and report data and information in the manner we specify. The Computer System will generate reports on the Gross Sales of your Kidokinetics Business. We may access electronic information and data generated from the Computer System at any time. There are no contractual limitations on our rights to access this information.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 26–34)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, franchisees are required to store specific data and information within the Computer System. This system is designed to manage the daily operations of the Kidokinetics business, including participant registration and marketing activities. Franchisees must record all Gross Sales on the Computer System and use it to track both online and offline registrations.
Kidokinetics designates the specific data and information that franchisees must store in the Computer System and specifies the manner in which this data and information must be reported. The Computer System will generate reports on the Gross Sales of the franchisee's Kidokinetics Business. Kidokinetics has the right to access electronic information and data generated from the Computer System at any time, without any contractual limitations on their access rights.
This requirement ensures that Kidokinetics franchisees maintain accurate records of their business activities and that Kidokinetics can monitor the performance of individual franchises and the overall system. Prospective franchisees should understand that they must adhere to Kidokinetics's data storage and reporting requirements and that Kidokinetics has unrestricted access to their business data.