Within how many days after completing training must a Kidokinetics franchisee open their business?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
Subject to Franchisee's compliance with the conditions stated below, Franchisee shall open the Kidokinetics Business and commence business within 90 days after Franchisee has satisfactorily completed training.
The date the Kidokinetics Business opens for business to the public is defined as the "Opening Date." Prior to the Opening Date, Franchisee will (i) complete all preparations for the Kidokinetics Business, including the purchase of all required supplies, equipment and vehicles, in accordance with System requirements, (ii) satisfactorily complete Franchisor's Initial Management Training Program, as further set forth in Article 7 above, and (iii) hire staff positions, as required by Franchisor.
If Franchisee fails to comply with any of such obligations, Franchisor will have the right to prohibit Franchisee from opening for business.
Franchisee's failure to open the Kidokinetics Business and commence business in accordance with this Section 7.2 will be deemed an event of default under this Agreement.
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, a franchisee must open their Kidokinetics business within 90 days after satisfactorily completing the initial training. This timeframe is subject to the franchisee's compliance with specific conditions outlined in the franchise agreement.
This requirement emphasizes the importance of timely business commencement after training. The franchise agreement defines the business opening to the public as the "Opening Date." Before this date, the franchisee must complete all necessary preparations, including purchasing required supplies, equipment, and vehicles according to the Kidokinetics system standards. They must also satisfactorily complete the franchisor's initial management training program and hire the necessary staff.
Failure to meet these obligations gives Kidokinetics the right to prevent the franchisee from opening the business. Moreover, not opening the Kidokinetics business within the specified 90-day period is considered a default event under the franchise agreement, which could lead to further penalties or termination of the agreement. This clause highlights the franchisor's emphasis on the franchisee promptly launching and operating the business according to the established system.