What is the Software License Fee for the proprietary KIDOLINK software for a Kidokinetics franchise?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
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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 Bu
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 26–34)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, franchisees must pay a Software License Fee of $3,000 before opening their business. This fee is specifically for the proprietary KIDOLINK software. However, if a franchisee purchases additional Kidokinetics Businesses, the software license fee is reduced to $1,000 for each additional business.
The KIDOLINK software is a crucial component of the Kidokinetics franchise, as it manages the daily workflow, handles participant registration, facilitates marketing efforts, and generates reports for the franchisor. Franchisees are obligated to record all gross sales within the system and track both online and offline registrations. Furthermore, franchisees must store and report data as specified by Kidokinetics.
Kidokinetics retains the right to access electronic information and data generated by the Computer System at any time, without contractual limitations. This access allows Kidokinetics to monitor the franchisee's business operations and ensure compliance with the franchise agreement. Franchisees are responsible for maintaining, updating, and upgrading the Computer System, with estimated annual costs ranging from $1,000 to $1,500, although these costs may vary based on repair history, local service costs, and technological advancements.