When is the initial franchise fee due for a Kidokinetics multi-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 for a multi-franchise is due upon signing the Franchise Agreement. The amount of the fee varies depending on the number of franchise agreements purchased.
Specifically, the initial franchise fee is $60,000 for the first Franchise Agreement, $40,000 for the second Franchise Agreement, and $35,000 for the third and fourth Franchise Agreements. This tiered fee structure incentivizes franchisees to expand their operations by purchasing multiple territories.
It is important to note that these fees are non-refundable once paid to Kidokinetics or its affiliates. Therefore, prospective franchisees should carefully consider their decision before signing the Franchise Agreement and remitting the initial franchise fee.