Is there a monthly Technology Fee for a Kidokinetics franchise, and what does it include?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
You will also pay us a monthly Technology Fee for certain technologies used in the operation of your Kidokinetics Business, which includes up to four email addresses, access to our Kidokinetics workspace on Slack, and up to two seats on Monday.com, our workflow management and customer relationship management tool. We do not assess an additional technology fee for a single franchisee operating up to four outlets so long as they are operated by the same legal entity and have adjacent territories.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 26–34)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, franchisees must pay a monthly Technology Fee. This fee covers specific technologies used in operating the Kidokinetics business. The technology package includes up to four email addresses, access to the Kidokinetics workspace on Slack, and up to two seats on Monday.com, which serves as their workflow management and customer relationship management tool.
Notably, Kidokinetics does not charge an additional technology fee for a single franchisee who operates up to four outlets. However, this is conditional: the outlets must be operated by the same legal entity and have adjacent territories. This could be a significant benefit for franchisees looking to expand within a limited geographic area, as it caps their technology costs despite increased business volume.
Prospective franchisees should consider the ongoing cost of this monthly fee when evaluating the overall financial investment required to start and run a Kidokinetics franchise. Understanding the specific technologies provided and how they integrate into the business's daily operations is also crucial. Franchisees should also clarify the costs if they require more than the included email addresses or seats on Monday.com.