What additional expenses are the franchisee responsible for when sending trainees to the Hyper Kidz initial training program?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
hen Billed |
| Fees (1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Initial Training (For New or Replacement Employees) | $1,500 | 15 days after billing | Training for up to three people is included in the training fee. If you request that we provide our initial training program to any additional employees, or to new or replacement employees during the term of your Franchise Agreement, you must pay our training fee as well as the trainees' expenses, inc |
Source: Item 6 — OTHER FEES (FDD pages 10–15)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, the franchisee is responsible for covering certain expenses when sending trainees to the initial training program. While the initial training fee of $1,500 covers training for up to three people, any additional employees or new/replacement employees who attend the training will incur additional costs.
Specifically, the franchisee must pay the training fee for these additional attendees. More significantly, the franchisee is also responsible for covering the trainees' expenses. These expenses include the costs of travel, lodging, meals, and wages for each trainee attending the initial training program.
This means that in addition to the $1,500 initial training fee, a Hyper Kidz franchisee needs to budget for the costs associated with sending their employees to the training. These costs can vary significantly depending on the distance to the training location, the duration of the training, and the prevailing rates for lodging, meals, and wages in the training area. It is important for prospective franchisees to factor in these potential expenses when evaluating the overall cost of investing in a Hyper Kidz franchise.