Under what circumstances are expenditures paid to Kidokinetics or its affiliates refundable?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
These estimated initial expenses are our best estimate of the costs you may incur in establishing and operating your Kidokinetics Business. We do not offer direct or indirect financing for these items. All expenditures paid to us or our affiliates are uniform and non-refundable under any circumstances once paid. All expenses payable to third parties are non-refundable, except as you may arrange for deposits and other payments.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–22)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, all expenditures paid to Kidokinetics or its affiliates are uniform and non-refundable under any circumstances once paid. This means that any fees or payments made directly to Kidokinetics for things like the initial franchise fee, marketing fees, or software license fees are not refundable, regardless of the situation. This is a standard practice in franchising, as these fees typically cover Kidokinetics's initial costs of setting up the franchise and providing training and support.
However, the FDD also states that expenses payable to third parties may be refundable, depending on the arrangements you make with those third parties. For example, if you pay a deposit to a supplier for equipment or inventory, the refundability of that deposit will depend on the supplier's policies. Kidokinetics recommends inquiring about the return and refund policies of suppliers before making any purchases.
Prospective franchisees should carefully consider this non-refundable policy and ensure they are fully committed to the Kidokinetics franchise before making any payments to Kidokinetics or its affiliates. It is also important to understand the refund policies of third-party vendors for items such as office equipment, initial inventory, and insurance, as these expenses can be significant.