What does the low cost estimate for a vehicle for a Kidokinetics franchise assume?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
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- Vehicle. You must have a vehicle capable of transporting play equipment.
You may use a vehicle that you already own.
If you do not already have an appropriate vehicle to travel to/from customer locations, you will need to lease an appropriate vehicle.
The low cost assumes you already have a suitable vehicle, and the high cost represents the estimated maximum cost to lease an appropriate SUV or equivalent vehicle.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–22)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the low cost estimate for a vehicle assumes that the franchisee already owns a suitable vehicle. The FDD specifies that franchisees must have a vehicle capable of transporting play equipment to customer locations.
If a franchisee does not already own a suitable vehicle, they will need to lease one. The high cost estimate for a vehicle represents the estimated maximum cost to lease an appropriate SUV or equivalent vehicle. This implies that the vehicle needs to be large enough to accommodate the necessary equipment for Kidokinetics classes.
Therefore, prospective Kidokinetics franchisees should consider whether they already have a vehicle that meets the requirements for transporting equipment. If not, they should factor in the cost of leasing a suitable vehicle, which could significantly increase their initial investment.