What does the high cost estimate for a vehicle for a Kidokinetics franchise represent?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
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- Vehicle. You must have a vehicle capable of transporting play equipment.
You may use a vehicle that you already own.
If you do not already have an appropriate vehicle to travel to/from customer locations, you will need to lease an appropriate vehicle.
The low cost assumes you already have a suitable vehicle, and the high cost represents the estimated maximum cost to lease an appropriate SUV or equivalent vehicle.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–22)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, franchisees must have a vehicle to transport play equipment to customer locations. The FDD indicates that a franchisee may use a vehicle they already own. However, if a franchisee does not have a suitable vehicle, they will need to lease one.
The high cost associated with the vehicle in the initial investment represents the estimated maximum cost to lease an appropriate SUV or equivalent vehicle. The low cost assumes that the franchisee already has a suitable vehicle.
This means that prospective Kidokinetics franchisees should consider whether they already own a vehicle suitable for transporting equipment. If not, they should factor in the cost of leasing a vehicle, potentially an SUV, into their initial investment calculations. This could significantly increase the upfront costs of starting the franchise.