When is the initial marketing package fee for Kidokinetics due?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
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- Initial Marketing Package. You must pay us $5,000 before opening for initial marketing materials and website updates for your first Franchise. If you open additional Kidokinetics Businesses, you will pay us $1,000 for each Kidokinetics Business. See Item 5 for more details about t
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 marketing package fee is due before opening the franchise. For the first Kidokinetics franchise, the franchisee must pay Kidokinetics $5,000 for initial marketing materials and website updates. If the franchisee opens additional Kidokinetics businesses, they will pay Kidokinetics $1,000 for each additional business.
This means that a prospective Kidokinetics franchisee needs to budget $5,000 for the initial marketing package for their first franchise location. This fee is separate from other initial investments such as the franchise fee, inventory, and other operating expenses. The fee covers the creation of marketing materials and updates to the Kidokinetics website to promote the new franchise location.
It is important to note that all expenditures paid to Kidokinetics or its affiliates are uniform and non-refundable under any circumstances once paid. Therefore, the franchisee should ensure they are fully prepared to open their Kidokinetics business before paying the initial marketing package fee. Understanding the terms and conditions related to this fee is crucial for managing the initial investment effectively.
Prospective franchisees should also refer to Item 5 of the FDD for more details about this fee, as indicated in Item 7.