For a Kidokinetics franchise, when is the payment of all initial fees, including the Franchise Fee, due?

According to the 2024 Kidokinetics Franchise Disclosure Document, the payment of all initial fees and payments, including the Franchise Fee, is deferred until Kidokinetics completes its pre-opening obligations under the franchise agreement. Additionally, if a franchisee purchases multiple Kidokinetics franchises, all initial payments are deferred until the first franchise opens.

This deferral of fees is a significant benefit for new Kidokinetics franchisees. It allows them to conserve capital during the initial setup phase, reducing the financial burden of starting a new business. This arrangement ensures that franchisees only pay the initial fees after Kidokinetics has provided the necessary support and fulfilled its obligations, and after the franchisee has commenced operations.

Prospective Kidokinetics franchisees should carefully review the franchise agreement to understand the specific pre-opening obligations that Kidokinetics must fulfill before the initial fees become due. Understanding these obligations will help franchisees track progress and ensure that Kidokinetics is meeting its commitments. Franchisees purchasing multiple units should also note that the deferral applies only until the first franchise opens, and they should clarify the payment schedule for subsequent franchises with Kidokinetics.