What was the total amount of expenses for the Kidokinetics Dallas Location during the 2023 reporting period?

According to Kidokinetics's 2024 Franchise Disclosure Document, Table 2A contains the financial information for the Dallas Location during the 2023 reporting period. The table lists several disclosed operating expenses for the Dallas Location. These expenses include advertising and promotion ($11,644), bank service charges ($1,979), business gifts ($1,993), business meetings ($8,430), coach supplies ($5,243), computer and internet expenses ($2,587), contract labor ($143,598), credit card processing fees ($327), donations ($1,768), dues and subscriptions ($2,898), employee background services ($1,115), equipment storage rental ($2,279), facilities rental ($4,908), franchise fees ($48,432), general liability insurance ($4,306), meals and entertainment ($507), office supplies ($1,287), taxes ($11,204), wages ($132,557), postage and delivery ($119), printing and reproduction ($218), professional fees ($500), QuickBooks Payments Fees ($7,679), refund ($125), summer camp counselor gratuities ($1,700), summer camp materials ($1,632), tax preparation ($1,000), taxi and Uber ($32), telephone expense ($60), tolls and parking ($1,650), and training and development ($563).

It is important to note that these disclosed operating expenses do not represent all operating expenses. The FDD specifically states that payroll wages of the owners and managers, along with certain other expenses, are not included in these figures. Additionally, for the Dallas Location, reimbursements and wireless communication expenses were excluded because they included certain personal expenses of the business owner. The expenses do include actual amounts paid to locations where Kidokinetics programs are held, including revenue and profit-sharing fees and other rental fees charged by these facilities.

Prospective franchisees should be aware that the financial performance representation for the Dallas Location is based on a location operating in a combined three-territory area. The FDD advises that because the figures for the Dallas Location include aggregate totals for multiple Kidokinetics Businesses, these figures may include significantly higher Gross Sales and Net Operating Income than a franchisee would generate operating a single territory. A breakdown of these numbers by each Kidokinetics Business would likely result in significantly lower numbers. Therefore, it is essential for potential franchisees to conduct their own due diligence and consider the specific expenses they are likely to incur based on their individual circumstances and territory.