Does Kidokinetics have sole discretion regarding equipment and technology updates?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
- 8.3. Equipment and Technology Updates.
Franchisee shall make any and all upgrades to equipment, machinery, tools, including, but not limited to, QuickBooks Pro online or such other management software as Franchisor designates, and computer hardware (including an office computer, a tablet computer, a telephone, a fax machine, and a smartphone), software and applications, and any technology used in conjunction therewith, as Franchisor requires in its sole and absolute discretion.
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, Kidokinetics has sole and absolute discretion regarding equipment and technology updates. As stated in Item 22, the franchisee must make any and all upgrades to equipment, machinery, and tools, including QuickBooks Pro online or other management software that Kidokinetics designates. The franchisee must also update computer hardware, software, applications, and any technology used in conjunction with these items as Kidokinetics requires.
This means that as a Kidokinetics franchisee, you are obligated to implement any technology upgrades that Kidokinetics deems necessary for the business. These upgrades are at the franchisee's expense. This includes specific software like QuickBooks Pro online or any other management software Kidokinetics chooses.
This requirement ensures that all Kidokinetics franchises operate with a consistent technology infrastructure, which can help maintain brand standards and facilitate system-wide communication and data management. However, it also means that franchisees must be prepared for potential costs associated with these mandatory upgrades, and they have limited control over these technology-related expenses.