What is the fee for Business Coaching and Training Services for a Kidokinetics franchise, and when is it due?

According to the 2024 Kidokinetics Franchise Disclosure Document, franchisees must pay a fee of $7,500 for business coaching and training services. This fee covers certain in-person business coaching and training services provided by Kidokinetics or its affiliate during the initial launch of the Kidokinetics business. These services are available if the Franchise Agreement is for the franchisee's first Kidokinetics business or if Kidokinetics approves the franchisee's request for additional support when launching another Kidokinetics business.

This fee is due upon signing the Franchise Agreement, meaning prospective franchisees need to have this amount available at the time of signing. The FDD specifies that this fee is non-refundable under any circumstances, so franchisees should be certain of their commitment before signing the agreement. Kidokinetics determines when these services will be provided within 6 months after the Kidokinetics business opens, based on the mutual availability of both parties.

This type of initial training and support fee is common in franchising, as it covers the costs associated with onboarding and training new franchisees. The non-refundable nature of the fee is also typical, as it compensates the franchisor for the resources and time invested in preparing the franchisee to launch their business. Franchisees should carefully consider the timing and amount of this fee as part of their overall investment decision.