If I purchase a Multi-Franchise for Kidokinetics, what is the initial franchise fee for the second Franchise Agreement?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
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- Initial Franchise Fee. If you purchase a Multi-Franchise, you will enter into separate Franchise Agreements for each Franchise and pay a reduced Initial Franchise Fee for the additional Franchises: (a) $60,000 for the first Franchise Agreement; (b) $40,000 for the second Franchise Agreement; and (c) $35,000 under the third and fourth Franchise Agreements. These initial fees are described in greater detail in Item 5 of this Franchise Disclosure Document.
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- Initial Investment. See the table for Single Franchises in this Item 7 for more details on the initial investment for the first Kidokinetics Business. In addition to the costs for the first Kidokinetics Business, if you purchase additional Kidokinetics Businesses, you will only pay the Initial Franchise Fee, a reduced Initial Marketing Package Fee of $1,000 for each Kidokinetic Business, a reduced Software License fee of $1,000 for each additional Kidokinetics Business and you must also have an additional $10,000 in Additional Funds. You may also elect to pay the Enhanced Business Coaching and Training Services for an additional Kidokinetics
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–22)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, if you purchase a Multi-Franchise, you will enter into separate Franchise Agreements for each franchise. The initial franchise fee for the first franchise agreement is $60,000. The initial franchise fee for the second franchise agreement is $40,000. The initial franchise fee for the third and fourth franchise agreements is $35,000 each. These initial fees are described in greater detail in Item 5 of the Kidokinetics Franchise Disclosure Document.
In addition to the initial franchise fee, if you purchase additional Kidokinetics businesses, you will also pay a reduced Initial Marketing Package Fee of $1,000 for each Kidokinetics business and a reduced Software License fee of $1,000 for each additional Kidokinetics business. You must also have an additional $10,000 in additional funds. You may also elect to pay the Enhanced Business Coaching and Training Services for an additional Kidokinetics business.
Prospective franchisees should carefully consider these fees and factor them into their overall investment costs when evaluating the multi-franchise opportunity. It is also important to review Item 5 of the Franchise Disclosure Document for more details about these fees.