When does the monthly KIDOLINK Software License Fee begin for a Kidokinetics franchisee?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
e Initial Software License Fee, due on the execution of this Agreement (unless), for the use of the KIDOLINK Software.
- (b) Monthly KIDOLINK Software License Fee. Beginning in the first month Franchisee beings to operate the Franchised Business, Franchisee must pay to Franchisor a continuing Monthly Software License Fee via automatic bank draft for the right to use the KIDOLINK Software. Currently, the continuing Monthly Sof
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the monthly KIDOLINK Software License Fee begins in the first month the franchisee starts operating their Kidokinetics franchised business. The franchisee is obligated to pay this continuing monthly fee to Kidokinetics via automatic bank draft for the right to use the KIDOLINK Software.
The current monthly software license fee is $475. Kidokinetics retains the right to increase this fee by up to 10% in any calendar year. This means a franchisee could see incremental increases to this monthly expense over time, impacting their operating costs.
It is important for a prospective Kidokinetics franchisee to factor this monthly fee, and the potential for increases, into their financial projections. Understanding the full scope of technology-related costs, including software, hardware, and internet, is crucial for assessing the overall profitability of the franchise.