For a Kidokinetics franchise with the number 3, what is the additional minimum royalty grace period after the expiration of the first franchise's grace period?

According to Kidokinetics' 2024 Franchise Disclosure Document, if a franchisee is operating a Kidokinetics franchise with the number 3, they will receive an additional minimum royalty grace period of 24 months after the initial grace period for their first franchise expires.

This grace period extension provides a significant benefit to franchisees who expand their Kidokinetics operations. It allows them more time to ramp up sales and manage expenses without the immediate pressure of meeting the minimum royalty requirements. This can be particularly helpful in the early stages of launching a new location, where building a customer base and establishing a presence in the community takes time.

Franchisees should carefully consider the implications of these grace periods when planning their expansion strategy. Understanding the timeline for royalty payments and the potential financial relief offered by these grace periods can help them make informed decisions about when and how to grow their Kidokinetics business.