What conditions must a Hyper Kidz franchisee meet to relocate their business?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
If, during the term of the Franchise Agreement, you wish to relocate your Hyper Kidz Business, or if your Hyper Kidz Business is damaged or destroyed and cannot be repaired within 60 days, you must submit to us in writing the materials we require to consider your request, including information concerning
the proposed new location for your Hyper Kidz Business. You must also meet certain other requirements, such as being in compliance with the Franchise 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. If we permit you to relocate, you will not pay a new initial franchise fee when you sign the new Franchise Agreement. We do not charge a relocation fee.
Source: Item 12 — TERRITORY (FDD pages 33–36)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, a franchisee wishing to relocate their business must meet several conditions. First, the franchisee must submit a written request to Hyper Kidz that includes all required materials, notably information about the proposed new location.
Additionally, the franchisee must be in compliance with the existing Franchise Agreement. The new location must meet Hyper Kidz's then-current requirements for a business location and must be within the franchisee's Designated Territory. The franchisee is also required to sign Hyper Kidz's then-current form of Franchise Agreement.
If Hyper Kidz approves the relocation, the franchisee will not be required to pay a new initial franchise fee when signing the new Franchise Agreement, and Hyper Kidz does not charge a relocation fee. These terms are more favorable than some franchise systems, which may charge significant relocation fees or require franchisees to pay a portion of the initial franchise fee again.