For a Kidokinetics franchise number of 2, what is the grace period in months following expiration?

According to Kidokinetics's 2024 Franchise Disclosure Document, a franchisee with franchise number 2 has a grace period of 12 months following the expiration of the initial grace period. This grace period relates to the payment of minimum royalties.

Specifically, after completing initial training, a new Kidokinetics franchisee receives an initial grace period of 90 days before they are required to begin paying minimum royalties. If a franchisee purchases multiple franchises simultaneously, they receive an increased initial grace period for their second through fourth franchises. After this initial grace period expires, the franchisee then enters a subsequent grace period before the minimum royalty payments increase.

For a Kidokinetics franchisee with franchise number 2, this subsequent grace period is 12 months. During this time, the minimum royalty is $600 per month. After this 12-month grace period, the minimum royalty increases to $800 per month for months 13 to 24, and then to $1,000 per month for months 25 and beyond. This tiered structure is designed to support new franchisees as they grow their business.