For a Kidokinetics franchise, is satisfactory completion of the initial training program a condition for opening the franchise?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| 1. | Yes | No | Have you received and personally reviewed the Franchise Agreement and each attachment or exhibit attached to it that we provided? |
|---|---|---|---|
| 2. | Yes | No | Have you received and personally reviewed the Franchise Disclosure Document and each attachment or exhibit attached to it that we provided? |
| 3. | Yes | No | Did you sign a receipt for the Franchise Disclosure Document indicating the date you received it? |
| 4. | Yes | No | Do you understand all the information contained in the Franchise Disclosure Document and Franchise Agreement? |
| 5. | Yes | No | Have you reviewed the Franchise Disclosure Document and Franchise Agreement with a lawyer, accountant, or other professional advisor, or have you had the opportunity for such review and chosen not to engage such professionals? |
| 6. | Yes | No | Have you had the opportunity to discuss the benefits and risks of developing and operating a Kidokinetics Franchise with an existing Kidokinetics franchisee? |
| 7. | Yes | No | Do you understand the risks of developing and operating a Kidokinetics Franchise? |
| 8. | Yes | No | Do you understand the success or failure of your Kidokinetics Franchise will depend in large part upon your skills, abilities, and efforts, and those of the persons you employ, as well as many factors beyond your control such as competition, interest rates, the economy, inflation, labor and supply costs, and other relevant factors? |
| 9. | Yes | No | Do you understand all disputes or claims you may have arising out of or relating to the Franchise Agreement must be arbitrated in Florida, if not resolved informally or by mediation (subject to state law)? |
| 10. | Yes | No | Do you understand that you must satisfactorily complete the initial training program before we will allow your Kidokinetics Franchise to open or consent to a transfer of the Kidokinetics Franchise to you? |
Source: Item 23 — RECEIPT (FDD pages 59–205)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, satisfactory completion of the initial training program is required before a Kidokinetics franchise can open. This requirement is confirmed in the Franchise Disclosure Questionnaire, which the franchisee must complete.
This condition means that prospective Kidokinetics franchisees must successfully complete the training program to be allowed to operate a franchise. This is a fairly standard practice in franchising, as it ensures that franchisees are properly equipped with the knowledge and skills to represent the Kidokinetics brand and operate the business according to the franchisor's standards.
The Franchise Disclosure Questionnaire includes a question to confirm the franchisee's understanding of this requirement. By answering 'Yes' to this question, the franchisee acknowledges that they must complete the initial training program before opening their Kidokinetics franchise or before a transfer of the franchise is approved.