What is the software license fee for the KIDOLINK software for a Kidokinetics franchise?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
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- Software License Fee. You must pay us a $3,000 software license fee for our proprietary KIDOLINK software when you sign the Franchise Agreement. See Item 5 for more details about this fee.
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- Additional Funds. 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 owner's salary or draw. The high end includes an estimate for three months' salary for a full-time Manager.
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- Our estimates are based on our experience and the experience of our affiliates in establishing Kidokinetics Businesses, and our current requirements for Kidokinetics Franchises.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–22)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, a franchisee must pay a $3,000 software license fee for the proprietary KIDOLINK software when signing the Franchise Agreement. This fee is for a single franchise. Item 5 provides more details about this fee.
For franchisees who purchase a Multi-Franchise, the cost of the software license is reduced for each additional Kidokinetics Business. The franchisee will pay a reduced Software License fee of $1,000 for each additional Kidokinetics Business.
Prospective franchisees should carefully review Item 5 of the FDD to understand the full scope of the software license agreement, including any limitations, updates, or ongoing costs associated with the KIDOLINK software.