When purchasing additional Kidokinetics businesses under a Multi-Franchise agreement, how much is the reduced Initial Marketing Package Fee for each additional business?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
ge. You must pay us $5,000 before opening for initial marketing materials and website updates for your first Franchise. If you open additional Kidokinetics Businesses, you will pay us $1,000 for each Kidokinetics Business. See Item 5 for more details about t
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–22)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, if a franchisee opens additional Kidokinetics businesses under a Multi-Franchise agreement, they will pay a reduced Initial Marketing Package Fee of $1,000 for each additional Kidokinetics business. This is significantly less than the $5,000 required for the initial marketing materials and website updates for the first franchise.
This reduced fee applies to each additional Kidokinetics business opened under the multi-franchise agreement. This provides a cost savings for franchisees looking to expand their Kidokinetics operations by opening multiple locations. The reduced fee helps to lower the initial investment required for each additional franchise.
Prospective franchisees should note that this reduced fee is specifically for the Initial Marketing Package. Other fees, such as the Initial Franchise Fee and Software License fee, are also applicable when opening additional Kidokinetics businesses, although these may also be reduced. Understanding the full scope of fees associated with multi-franchise agreements is crucial for financial planning.