When is the initial franchise fee due for a Kidokinetics franchise?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
ranchise**
| Type of | Amou | unt | Method | To Whom | |
|---|---|---|---|---|---|
| Expenditure | Low | High | of Payment | When Due | Payment is to be Paid |
| Initial Franchise | $100,000 | $170,000 | Upon Signing the Franchise Agreement | Us | Upon Signing the Franchise Agreement |
| Fee (1) |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–22)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the initial franchise fee is due upon signing the Franchise Agreement. For a single Kidokinetics franchise, the initial franchise fee ranges from $100,000 to $170,000.
For franchisees interested in opening multiple Kidokinetics locations, the initial franchise fee structure is different. The initial franchise fee is $60,000 for the first franchise agreement, $40,000 for the second, and $35,000 for the third and fourth agreements.
It is important to note that these fees are non-refundable once paid to Kidokinetics or its affiliates. Prospective franchisees should carefully consider their financial situation and consult with business advisors before signing the franchise agreement and paying the initial franchise fee.