When is the Software License Fee due for additional Kidokinetics Businesses?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
ment. If you purchase a Multi-Franchise or additional Kidokinetics Businesses, you will pay us $1,000 for the Software License Fee for each additional Kidokinetics Business you open. The Software License Fee for additional Kidokinetics Business is uniform and non-refundable and is due when you enter into the Franchise Agreement for the additional Kidokinetics Bus
Source: Item 5 — INITIAL FEES (FDD pages 11–13)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, if a franchisee purchases a Multi-Franchise or additional Kidokinetics Businesses, they must pay a Software License Fee of $1,000 for each additional Kidokinetics Business. This fee is specifically for the KIDOLINK software, which is Kidokinetics's proprietary business management software. This fee is uniform and non-refundable.
The timing of the Software License Fee payment is clearly stated in the FDD. The Software License Fee for each additional Kidokinetics Business is due when the franchisee enters into the Franchise Agreement for that additional Kidokinetics Business. This means that the fee must be paid at the time the agreement is signed for each new franchise location beyond the initial one.
Prospective franchisees should note that this Software License Fee is in addition to other fees associated with purchasing a franchise, such as the Initial Franchise Fee and the Initial Marketing Package fee. Understanding the timing and amount of these fees is crucial for financial planning when expanding with additional Kidokinetics locations.