Can the provision of Enhanced Business Coaching and Training Services for a Kidokinetics franchise be extended beyond six months?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
The Enhanced Business Coaching and Training Fee covers costs and expenses (including our administrative and overhead expenses) associated with providing Enhanced Business Coaching and Training Services for your Kidokinetics Business. The Enhanced Business Coaching and Training Fee is uniform and non-refundable under any circumstances. We currently provide the Enhanced Business Coaching and Training Services directly but may designate an affiliate to provide the Enhanced Business Coaching and Training Services in the future. Enhanced Business Coaching and Training Fee is intended to be fully applied within six months of signing the Franchise Agreement, but the Enhanced Business Coaching Training Services may be provided at a later date or otherwise extended upon our mutual written agreement.
Source: Item 5 — INITIAL FEES (FDD pages 11–13)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the Enhanced Business Coaching and Training Services, which are part of the $7,500 Enhanced Business Coaching and Training Fee, are typically intended to be fully applied within six months of signing the Franchise Agreement. However, the FDD specifies that these services may be provided at a later date or extended beyond the initial six-month period.
For a prospective Kidokinetics franchisee, this means that while the initial plan is to complete the Enhanced Business Coaching and Training Services within the first six months, there is flexibility. The extension of these services is contingent upon a mutual written agreement between the franchisee and Kidokinetics. This provides an opportunity for franchisees who may need additional support or training beyond the initial timeframe to receive it, ensuring they are well-equipped to manage their franchise.
This flexibility can be particularly beneficial for franchisees who may face unexpected challenges during their initial months of operation or who simply want more guidance as they grow their Kidokinetics business. However, it is crucial for franchisees to understand that any extension requires a formal written agreement with Kidokinetics, highlighting the importance of clear communication and documentation.
While the FDD outlines the possibility of extending the Enhanced Business Coaching and Training Services, it does not specify the potential costs or terms associated with such extensions. Therefore, prospective franchisees should seek clarification from Kidokinetics regarding the conditions, duration, and any additional fees that may apply if they require an extension of these services beyond the initial six-month period.