In the context of the Virginia Amendment for Hyper Kidz, what is the full name of the franchisor?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
BOOMERANG FRANCHISE LLC
ADDENDUM TO THE FRANHISE DISCLOSURE DOCUMENT REQUIRED BY THE COMMONWEALTH OF VIRGINIA
In recognition of the restrictions contained in Section 13.1-564 of the Virginia Retail Franchising Act, the Franchise Disclosure Document for Boomerang Franchise LLC for use in the Commonwealth of Virginia shall be amended as follows:
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 49–52)
What This Means (2024 FDD)
According to the 2024 Hyper Kidz Franchise Disclosure Document, the full name of the franchisor, as it pertains to the Virginia Amendment, is Boomerang Franchise LLC. This is explicitly stated in the context of amendments and addenda required by the Commonwealth of Virginia. This amendment addresses specific requirements set forth by the Virginia State Corporation Commission's Division of Securities and Retail Franchising.
The Virginia Amendment ensures that certain provisions protect the franchisee, such as deferring payment of fees until pre-opening obligations are met by Hyper Kidz. It also confirms that franchisees do not waive rights to claims under state franchise law or disclaim reliance on franchisor statements. These stipulations are designed to provide a level of protection to franchisees operating in Virginia.
Prospective Hyper Kidz franchisees in Virginia should pay close attention to this amendment, as it modifies the standard franchise agreement to comply with Virginia law. Understanding these protections is crucial before signing any agreements or making payments. The amendment essentially tailors the franchise agreement to align with Virginia's specific regulatory requirements, offering franchisees additional safeguards.