Which item in the Kidokinetics Franchise Disclosure Document provides more detail regarding territorial development and sales quotas?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| Obligation | Disclosure Document Item | ||
|---|---|---|---|
| d. | Initial and ongoing training | 6 | 11 |
| e. | Opening | 7.2 | 11 |
| f. | Fees | 4.1.8., 5, 6.4, 6.5, 6.6, 12, 15.4, Schedule 1 | 5, 6, 7 |
| g. | Compliance with standards and policies/Operating Manual | 8, 10, 11.1, 18.1 | 8, 11 |
| h. | Trademarks and proprietary information | 11.1, 13, 18.2, Attachment A | 13, 14 |
| i. | Restrictions on products/services offered | 12 | 8 |
| j. | Warranty and customer service requirements | Not applicable | Not applicable |
| k. | Territorial development and sales quotas | 2.1, Attachment B | 12 |
| l. | Ongoing product/service purchases | 11.1, 12.3 | 8 |
| m. | Maintenance, appearance and remodeling requirements | 8, 11.1 | Not applicable |
| n. | Insurance | 14 | 7 |
| o. | Advertising | 12 | 6, 11 |
| p. | Indemnification | 11.7, 13.8, 14.4 | 14 |
| q. | Owner’s participation/management/ staffing | 10.3, 11.1 | 11, 15 |
| r. | Records and reports | 11.2 | 6 |
| s. | Inspections and audits | 9.2, 11.2 | 6, 11 |
| t. | Transfer | 15 | 17 |
| u. | Renewal | 4 | 17 |
| v. | Post-termination obligations | 17 | 17 |
| w. | Non-competition covenants | 18 | 17 |
| x. | Dispute resolution | 19 | 17 |
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 24–26)
What This Means (2024 FDD)
According to the 2024 Kidokinetics Franchise Disclosure Document, Item 12 provides more detailed information regarding territorial development and sales quotas. Item 9 of the FDD references a table that outlines the franchisee's obligations under the franchise agreement and other related agreements.
Specifically, the table indicates that territorial development and sales quotas are further detailed in Item 2.1 and Attachment B of the disclosure document. This directs a prospective franchisee to those sections for a more in-depth understanding of what Kidokinetics expects in terms of market penetration and sales performance within their designated territory.
Understanding territorial development and sales quotas is crucial for potential Kidokinetics franchisees. These factors impact the franchisee's ability to grow their business and meet the franchisor's expectations. Reviewing Item 2.1 and Attachment B will provide valuable insights into these obligations.