When is the Initial Marketing Package fee due for a Kidokinetics franchise?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
The fee for this is determined by the provider.
- 12.2.2. In addition to the requirements of Section 12.2.1, Franchisee must: (a) before Franchisee commences operation of the Kidokinetics Business on the date designated by Franchisor, pay to Franchisor the sum of: (i) $5,000 for the Initial Marketing Package, if this is Franchisee's first Territory; or (ii) $1,000 for the Initial Marketing Package, if this is a
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the Initial Marketing Package fee is due before the franchisee commences operation of the Kidokinetics business on the date designated by Kidokinetics. If this is the franchisee's first territory, the fee is $5,000. If it is for an additional territory, the fee is $1,000.
This means that a prospective Kidokinetics franchisee must pay the Initial Marketing Package fee before they can begin operating their franchise. The amount of the fee depends on whether the territory is the franchisee's first or an additional one. This fee is separate from other fees, such as the initial franchise fee, royalties, and other advertising contributions.
It is important for prospective franchisees to factor this fee into their initial investment costs and to ensure they have the funds available before commencing operations. Additionally, franchisees should be aware of the conditions under which the fee is reduced for additional territories. Understanding the timing and amount of this fee is crucial for managing the financial aspects of starting a Kidokinetics franchise.