What is the grace period in months following expiration for a Kidokinetics franchise with the number 4?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| Franchise Number | Grace Period in Months Following Grace Period Expiration |
|---|---|
| Franchise Number | |
| 2 | 12 months |
| 3 | 24 months |
| 4 | 36 months |
Source: Item 6 — OTHER FEES (FDD pages 13–17)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, a franchise with the number 4 has a grace period of 36 months following the expiration of the grace period. This information is detailed in Item 6, which outlines various fees associated with the Kidokinetics franchise.
This extended grace period could be beneficial for franchisees as it provides a longer window to potentially renew their franchise agreement or transition out of the business without immediately losing certain rights or privileges. The specific implications of this grace period would be detailed in the franchise agreement, which a prospective franchisee should review carefully.
It is important to note that the FDD excerpt only specifies the grace period for franchises numbered 2, 3, and 4. A prospective franchisee should confirm with Kidokinetics what determines the franchise number and how it is assigned, as well as what grace periods apply to other franchise numbers, if any.