What is the reduced Software License Fee for an additional Kidokinetics business?

According to Kidokinetics's 2024 Franchise Disclosure Document, a franchisee who purchases an additional Kidokinetics business will pay a reduced Software License Fee. The standard Software License Fee for the initial franchise is $3,000. However, for each additional Kidokinetics business, the franchisee will only pay $1,000. This fee is due when the Franchise Agreement is signed.

This reduced fee for additional franchises can be a significant benefit for existing Kidokinetics franchisees looking to expand their operations. It lowers the initial investment required for each new location, making growth more financially feasible. The reduced fee applies to the use of Kidokinetics' proprietary software, which is essential for managing various aspects of the business.

It's important to note that this reduced fee is specifically for the Software License Fee. Other fees, such as the Business Coaching and Training Services fee or ongoing royalties, may still apply to additional Kidokinetics businesses. Franchisees should carefully review all the fees associated with opening and operating multiple locations to fully understand the financial implications.