When purchasing additional Kidokinetics businesses under a Multi-Franchise agreement, how much in additional funds must I have?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
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- Initial Investment. See the table for Single Franchises in this Item 7 for more details on the initial investment for the first Kidokinetics Business. In addition to the costs for the first Kidokinetics Business, if you purchase additional Kidokinetics Businesses, you will only pay the Initial Franchise Fee, a reduced Initial Marketing Package Fee of $1,000 for each Kidokinetic Business, a reduced Software License fee of $1,000 for each additional Kidokinetics Business and you must also have an additional $10,000 in Additio
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–22)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, if you purchase additional Kidokinetics businesses under a Multi-Franchise agreement, you must have an additional $10,000 in additional funds. In addition to this, you will also need to pay the Initial Franchise Fee, a reduced Initial Marketing Package Fee of $1,000 for each Kidokinetics Business, and a reduced Software License fee of $1,000 for each additional Kidokinetics Business.
The FDD notes that these estimated initial expenses are the best estimate of the costs you may incur in establishing and operating multiple Kidokinetics Businesses. Kidokinetics does not offer direct or indirect financing for these items. All expenditures paid to Kidokinetics or its affiliates are uniform and non-refundable under any circumstances once paid. All expenses payable to third parties are non-refundable, except as you may arrange for deposits and other payments.
The estimate of additional funds is calculated for an initial period of three months. These expenses include advertising, storage locker rent, and Technology Fees, but do not include the owner's salary or draw. The high end includes an estimate for three months' salary for a full-time Manager. Prospective franchisees should carefully consider these costs and plan their finances accordingly.