What was the lowest Initial Franchise Fee collected by Kidokinetics during the last fiscal year, and to whom was it sold?

According to Kidokinetics's 2024 Franchise Disclosure Document, the lowest Initial Franchise Fee collected during the last fiscal year, which ended December 31, 2023, was $17,500. This reduced fee was for a franchise sold to one of Kidokinetics's officers. The standard Initial Franchise Fee is $60,000, but this can be reduced under certain circumstances.

Kidokinetics offers reduced Initial Franchise Fees for multi-franchise purchases, where the fee decreases for each additional franchise purchased, up to four franchises. The FDD also states that honorably discharged United States veterans or their spouses receive a 5% discount on the Initial Franchise Fee for each Kidokinetics franchise they purchase.

It is important to note that the Initial Franchise Fee is generally non-refundable and is paid in a lump sum when signing the Franchise Agreement. This fee covers Kidokinetics's expenses related to providing assistance and services to the franchisee, including sales and marketing, training, and legal and accounting fees. The fact that a significantly reduced fee was offered to an officer of the company is not typical in franchising and may warrant further investigation by a potential franchisee to understand the circumstances and ensure equitable treatment.