What is the grace period in months following the grace period expiration for a Kidokinetics franchise number 4?

According to Kidokinetics's 2024 Franchise Disclosure Document, a franchisee with franchise number 4 has a grace period of 36 months following the expiration of their initial grace period. This extended grace period relates to the payment of minimum royalties, offering franchisees additional time to ramp up their business before these payments begin.

This means that Kidokinetics franchisees who purchase multiple franchises simultaneously receive an extended grace period for their second through fourth franchises. Specifically, for the fourth franchise purchased, the franchisee will not be required to pay minimum royalties for 36 months after the initial grace period expires.

This extended grace period can be a significant benefit, providing franchisees with more financial flexibility during the early stages of operating multiple Kidokinetics locations. It allows them to focus on building their customer base and establishing their business without the immediate pressure of meeting minimum royalty obligations. Franchisees should confirm with Kidokinetics that they understand the conditions and requirements related to the grace period.