Where in the Kidokinetics Franchise Disclosure Document can I find more details about the initial franchise fee and initial enhanced business coaching and training fees?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 7: ESTIMATED INITIAL INVESTMENT]
Notes:
These estimated initial expenses are our best estimate of the costs you may incur in establishing and operating your Kidokinetics Business. We do not offer direct or indirect financing for these items. All expenditures paid to us or our affiliates are uniform and non-refundable under any circumstances once paid. All expenses payable to third parties are non-refundable, except as you may arrange for deposits and other payments.
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- Initial Franchise Fee and Initial Enhanced Business Coaching and Training. These initial fees are described in greater detail in Item 5 of this Franchise Disclosure Document.
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- Furniture, Fixtures & Equipment. You must purchase (or lease) furniture, fixtures and equipment such as a desk, chair, filing cabinet, bookcase of shelving, etc. and a workspace with computer workstation with printer/fax/scanner. Although some of these items may be leased, the range
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–22)
What This Means (2024 FDD)
According to the 2024 Kidokinetics Franchise Disclosure Document, details regarding the initial franchise fee and initial enhanced business coaching and training fees can be found in Item 5. Item 7 of the FDD also references Item 5 for more details on these fees.
For franchisees interested in purchasing a Multi-Franchise, the initial franchise fee is structured as follows: $60,000 for the first Franchise Agreement, $40,000 for the second, and $35,000 for the third and fourth agreements. These fees are non-refundable once paid to Kidokinetics or its affiliates.
For those purchasing additional Kidokinetics businesses, beyond the first, there are further costs to consider. These include the initial franchise fee, a reduced Initial Marketing Package Fee of $1,000 for each additional Kidokinetics Business, a reduced Software License fee of $1,000 for each additional Kidokinetics Business, and an additional $10,000 in funds. Franchisees may also elect to pay for Enhanced Business Coaching and Training Services for an additional Kidokinetics Business. Prospective franchisees should carefully review Item 5 to fully understand the scope and costs associated with these fees.