Which sections of the Kidokinetics franchise agreement detail the fees a franchisee must pay?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| Obligation | Disclosure Document Item | ||
|---|---|---|---|
| d. | Initial and ongoing training | 6 | 11 |
| e. | Opening | 7.2 | 11 |
| f. | Fees | 4.1.8., 5, 6.4, 6.5, 6.6, 12, 15.4, Schedule 1 | 5, 6, 7 |
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 24–26)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, Item 9 outlines the franchisee's obligations, including where to find information regarding fees within the franchise agreement and the disclosure document. Specifically, section f. of Item 9 indicates that details regarding fees can be found in sections 4.1.8, 5, 6.4, 6.5, 6.6, 12, 15.4, and Schedule 1 of the franchise agreement.
This means that a prospective Kidokinetics franchisee can consult these specific sections within the franchise agreement to understand the various fees they will be obligated to pay. These fees are further detailed in Items 5, 6, and 7 of the disclosure document, providing additional context and explanation.
It is important for potential franchisees to carefully review these sections to fully understand the financial obligations associated with owning a Kidokinetics franchise. Understanding these fees is crucial for assessing the overall investment and potential profitability of the franchise.