If purchasing additional Kidokinetics businesses, is the Enhanced Business Coaching and Training Fee required?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
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If you are purchasing your first Kidokinetics Business, you will be required to pay a fee of $7,500 for certain opening support services (the "Enhanced Business Coaching and Training Fee"). The Enhanced Business Coaching and Training Fee includes two days of in-person business coaching and training services ("Enhanced Business Coaching and Training Services") within your Territory (as defined in Item 12). If you purchase additional Kidokinetics Business, you are not required to buy the Enhanced Business Coaching and Training Services, but you can choose to pay the Enhanced Business Coaching and Training Fee if you want optional Enhanced Business Coaching and Training in your Area. This fee is due upon signing the Franchise Ag
Source: Item 5 — INITIAL FEES (FDD pages 11–13)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the Enhanced Business Coaching and Training Fee is required only when purchasing your first Kidokinetics business. The FDD states that the $7,500 fee for Enhanced Business Coaching and Training Services is mandatory for the initial franchise. However, if a franchisee purchases additional Kidokinetics businesses, paying the Enhanced Business Coaching and Training Fee is optional.
For franchisees acquiring additional Kidokinetics franchises, they have the choice to pay the $7,500 Enhanced Business Coaching and Training Fee if they desire the additional support in their area. This flexibility allows experienced franchisees to forgo additional training if they feel confident in their ability to manage new locations.
The Enhanced Business Coaching and Training Fee covers the costs associated with providing Enhanced Business Coaching and Training Services for a Kidokinetics Business. These services include two days of in-person business coaching and training within the franchisee's territory. While the fee is intended to be applied within six months of signing the Franchise Agreement, the training services may be provided at a later date or extended upon mutual written agreement between Kidokinetics and the franchisee. The fee is uniform and non-refundable under any circumstances.