What is the Software License Fee for the proprietary KIDOLINK software for a Kidokinetics business?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
Business.
You will also pay us a Software License Fee of $3,000 prior to opening for our proprietary KIDOLINK software ($1,000 for additional Kidokinetics Businesses). Except as disclosed above, as of the Issuance Date of this Franchise Disclosure Document, neither we, nor our affiliates are approved suppliers of any item, although we may become one in the future. Some of our officers own an equity interest in us, an approved
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 22–24)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, franchisees must pay a Software License Fee of $3,000 prior to opening for the proprietary KIDOLINK software. If a franchisee operates additional Kidokinetics businesses, the Software License Fee is $1,000 for each additional business. This fee is paid to the franchisor.
This means that before a Kidokinetics franchisee can begin operations, they must budget for this $3,000 software license fee. This is a one-time fee for the initial franchise location. For franchisees planning to expand and operate multiple Kidokinetics locations, they should also factor in the reduced software license fee of $1,000 for each subsequent location.
It is important for prospective franchisees to understand that this fee is separate from other technology-related costs. The FDD also states that franchisees must use designated computer hardware and software, including a point-of-sale system, and pay the then-current fees to approved suppliers for technology business solutions like phone systems and scheduling software. Therefore, the $3,000 KIDOLINK software license fee is just one component of the overall technology investment required to operate a Kidokinetics franchise.