What is the estimated cost range for purchasing the required computer system for a Kidokinetics franchise?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
uter System
You are required to purchase a computer system that consists of the following hardware and software: (a) a desktop or laptop that runs Windows 11, a multi-function printer/scanner, a digital camera, a phone, a music box and a flash drive; and (b) Microsoft Office and QuickBooks ("Computer System"). We estimate the cost of purchasing the Computer System will be between $500 and $1,500. You will also pay us a Software License Fee of $3,000 prior to opening for our proprietary KIDOLINK software ($1,000 for additional Kidokinetics Businesses). You will also pay us a monthly Technology Fee for certain technologies used in the operation of your Kidokinetics Business, which includes up to four email addresses, access to our Kidokinetics workspace on Slack, and up to two seats on Monday.com, our workflow management and customer relationship management tool. We do not assess an additional technology fee for a single franchisee operating up to four outlets so long as they are operated by the same legal entity and have adjacent territories.
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.
We are not required to provide you with any ongoing maintenance, repairs, upgrades, updates or support for the Computer System. The cost of maintaining, updating, or upgrading the Computer System or its components will depend on your repair history, costs of computer maintenance services in your area, and technological advances. We estimate the annual cost will range between $1,000 and $1,500, but this could vary (as discu
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 26–34)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, franchisees are required to purchase a computer system. This system must include specific hardware and software, such as a desktop or laptop running Windows 11, a multi-function printer/scanner, a digital camera, a phone, a music box, a flash drive, Microsoft Office, and QuickBooks. Kidokinetics estimates that the cost to purchase this computer system will range from $500 to $1,500.
In addition to the initial cost of the computer system, Kidokinetics franchisees must also pay a Software License Fee of $3,000 prior to opening for the proprietary KIDOLINK software ($1,000 for additional Kidokinetics Businesses). Franchisees will also be responsible for a monthly Technology Fee for technologies used in their Kidokinetics business. This fee includes up to four email addresses, access to the Kidokinetics workspace on Slack, and up to two seats on Monday.com, which is Kidokinetics' workflow management and customer relationship management tool.
The computer system is essential for managing the daily operations of the Kidokinetics business, including registering participants, marketing, reporting, and tracking online and offline registrations. Franchisees are required to record all Gross Sales on the computer system and store all designated data and information as specified by Kidokinetics. Kidokinetics can access electronic information and data generated from the computer system at any time, without contractual limitations.
Kidokinetics does not provide ongoing maintenance, repairs, upgrades, updates, or support for the computer system. The annual cost of maintaining, updating, or upgrading the system is estimated to range between $1,000 and $1,500, but this cost can vary based on repair history, local computer maintenance service costs, and technological advancements. Prospective franchisees should factor in these ongoing costs when evaluating the overall investment required to operate a Kidokinetics franchise.