Does the 'Physical Education Hourly Rate' for Kidokinetics include the amount paid to coaches?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
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- "Physical Education Hourly Rate" refers to the hourly rate charged by Franchised Locations for hourly physical education services. Physical Education Hourly Rate includes the high and low amount paid to the coaches employed by the Franchised Locations. Franchised Locations charge
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 46–54)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the Physical Education Hourly Rate does include the amount paid to coaches. The FDD specifies that the Physical Education Hourly Rate refers to the hourly rate charged by franchise locations for physical education services. This rate includes both the high and low amounts paid to the coaches employed by the franchised locations.
Kidokinetics franchise locations charge this fee to approved third parties' clients, such as schools and community centers, for physical education programs hosted at their location. The Physical Education Hourly Rate ranged from $90 to $200 in 2023.
This means that when a Kidokinetics franchisee is determining the price to charge for their physical education services, they need to factor in the wages they are paying to their coaches. This is an important consideration for franchisees as they need to ensure that they are charging enough to cover their expenses and make a profit.