Is the Enhanced Business Coaching and Training Fee refundable for a Kidokinetics franchise?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
The Enhanced Business Coaching and Training Fee covers costs and expenses (including our administrative and overhead expenses) associated with providing Enhanced Business Coaching and Training Services for your Kidokinetics Business. The Enhanced Business Coaching and Training Fee is uniform and non-refundable under any circumstances. We currently provide the Enhanced Business Coaching and Training Services directly but may designate an affiliate to provide the Enhanced Business Coaching and Training Services in the future. Enhanced Business Coaching and Training Fee is intended to be fully applied within six months of signing the Franchise Agreement, but the Enhanced Business Coaching Training Services may be provided at a later date or otherwise extended upon our mutual written agreement.
Source: Item 5 — INITIAL FEES (FDD pages 11–13)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the Enhanced Business Coaching and Training Fee is non-refundable. The document states that this fee, which amounts to $7,500 for franchisees purchasing their first Kidokinetics business, covers the costs associated with providing Enhanced Business Coaching and Training Services. These services include two days of in-person business coaching and training within the franchisee's territory.
The FDD explicitly states that the Enhanced Business Coaching and Training Fee is "uniform and non-refundable under any circumstances." This means that regardless of whether the franchisee utilizes the training services or if circumstances change, the $7,500 fee will not be reimbursed. This policy is clearly outlined to ensure franchisees understand the financial commitment associated with this aspect of the Kidokinetics franchise.
Kidokinetics intends to fully apply the Enhanced Business Coaching and Training Services within six months of signing the Franchise Agreement. However, the document allows for the possibility of a later date or extension of these services through a mutual written agreement. While the timing of the services may be flexible, the non-refundable nature of the fee remains constant, representing a financial risk that prospective franchisees should carefully consider.