Will Hyper Kidz charge an additional initial franchise fee if I relocate my Hyper Kidz Business?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
If, during the term of this Agreement, you wish to relocate your Hyper Kidz Business, or if the Hyper Kidz Business Site is damaged or destroyed and cannot be repaired within sixty (60) days, you must submit to us in writing the materials we require to consider your relocation request, including information concerning the proposed new location for the Hyper Kidz Business. Any such relocation shall be at your sole expense. Our review of your request to relocate will consider factors such as your compliance with this Agreement, the location meets our then-current requirements for a Hyper Kidz Business and is located within your Designated Territory, and you must sign our then-current form of Franchise Agreement with a term equal to the remaining term hereunder. We will not charge you an additional initial franchise fee for relocation.
Source: Item 22 — CONTRACTS (FDD page 52)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, Hyper Kidz will not charge an additional initial franchise fee if a franchisee wishes to relocate their Hyper Kidz business. However, the franchisee is responsible for all expenses associated with the relocation.
To relocate, the franchisee must submit a written request to Hyper Kidz, including information about the proposed new location. Hyper Kidz will then review the request, considering factors such as the franchisee's compliance with the Franchise Agreement, whether the new location meets Hyper Kidz's current requirements, and whether the location is within the franchisee's designated territory.
Additionally, the franchisee must sign Hyper Kidz's then-current form of Franchise Agreement with a term equal to the remaining term of the original agreement. This ensures that the franchise relationship continues under the most up-to-date terms and conditions, without incurring a new initial franchise fee.