How much is the Initial Marketing Package fee for a first 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, a franchisee must pay $5,000 for the Initial Marketing Package if it is their first territory. This fee is paid to Kidokinetics before the franchisee begins operation of the Kidokinetics business on the date designated by the company.
This Initial Marketing Package fee is in addition to other fees such as the Initial KIDOLINK Software License Fee, which is $3,000 for the first franchised business. Franchisees should note that they are also required to spend a minimum amount on local marketing annually, which is the greater of $500 or 2% of gross sales.
Prospective franchisees should carefully consider these initial costs and ongoing marketing obligations when evaluating the Kidokinetics franchise opportunity. Understanding these financial requirements is crucial for planning and managing the business effectively.