What does 'Physical Education Hourly Rate' refer to regarding Kidokinetics services?
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
this fee to approved third parties' clients, such as schools and community centers, for physical education programs hosted at their location.
Some Kidokinetics Businesses have earned this amount. Your individual results may differ. There is no assurance you'll earn as much.
Written substantiation for the financial performance representation will be made available to the prospective franchisee upon reasonable request.
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' refers to the hourly rate that franchised locations charge for physical education services. This rate includes the amounts paid to coaches employed by the Kidokinetics franchised locations.
Kidokinetics franchisees charge this fee to approved third-party clients, such as schools and community centers, for physical education programs that are hosted at the client's location. The FDD also indicates that some Kidokinetics businesses have earned this amount, but individual results may vary, and there is no guarantee that a franchisee will earn as much.
Table 3 within Item 19 of the FDD provides a range for the Physical Education Hourly Rate, indicating a range of $90 to $200. This information is part of the financial performance representation, and written substantiation for these figures will be made available to prospective franchisees upon reasonable request.