Where is a Hyper Kidz Business typically located?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
- 2. Rent. If you do not own adequate property, you must lease the property for your business. The typical size for a Hyper Kidz Business is 11,000 to 16,000 square feet and is located in a commercial, retail or light industrial setting.
Landlords may vary the base rental rate and charge rent based on a percentage of gross sales. In addition to base rent, the lease may require you to pay common area maintenance charges ("CAM Charges") your pro rata share of the real estate taxes and insurance, and your pro rata share of other
charges. The actual amount you pay under the lease will vary depending on the size of the property, the types of charges that are allocated to tenants under the lease, your ability to negotiate with landlords and the prevailing rental rates in the geographic region.
If you choose to purchase real property on which to build your Hyper Kidz Business, your initial investment will probably be higher than what we estimate above. If you purchase real property, we cannot estimate how this purchase will affect your total initial investment.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2024 FDD)
According to the 2024 Hyper Kidz Franchise Disclosure Document, a Hyper Kidz Business is typically located in a commercial, retail, or light industrial setting. The typical size for a Hyper Kidz Business is 11,000 to 16,000 square feet.
For prospective franchisees, this means they should focus their location search on properties within these zoning and size parameters. The FDD also mentions that if a franchisee does not own adequate property, they must lease property for their business. The actual amount paid under the lease will vary depending on the size of the property, the types of charges that are allocated to tenants under the lease, the franchisee's ability to negotiate with landlords, and the prevailing rental rates in the geographic region.
It is important to note that landlords may vary the base rental rate and charge rent based on a percentage of gross sales. In addition to base rent, the lease may require franchisees to pay common area maintenance charges, their pro rata share of the real estate taxes and insurance, and their pro rata share of other charges. If a franchisee chooses to purchase real property on which to build their Hyper Kidz Business, their initial investment will probably be higher than what Hyper Kidz estimates, and Hyper Kidz cannot estimate how this purchase will affect the total initial investment.