What is the current per diem fee for additional on-site opening assistance from Hyper Kidz?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
ience in the subject he/she is teaching, and less than one year of experience with us or our Affiliate.
For the opening of your Hyper Kidz Business, we will provide you with one of our trained representatives. The trained representative will provide on-site pre-opening and opening training, supervision, and assistance to you for up to 14 days around your Hyper Kidz Business's opening. If you request additional days of on-site opening assistance, you must pay our then-current per diem fee (currently $250) for each additional day of opening assistance provided, and you must reimburse our representative's
expenses for the additional days, including travel, lodging and meals. If you are opening your second (or later) Franchised Business, we h
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 24–33)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, Hyper Kidz provides a trained representative for on-site pre-opening and opening assistance for up to 14 days around the opening of the business. If a franchisee requests additional on-site opening assistance beyond the initial 14 days, they must pay a per diem fee. The current per diem fee is $250 for each additional day of opening assistance provided.
In addition to the per diem fee, the franchisee is also responsible for reimbursing the representative's expenses for the additional days. These expenses include travel, lodging, and meals. This means that the total cost for extra assistance can be significantly higher than just the stated per diem rate.
It is important to note that if a franchisee is opening their second or later Hyper Kidz location, Hyper Kidz reserves the right to reduce the duration of the representative's visit or even to not provide opening assistance at all. This policy could impact the franchisee's budget and operational plans for subsequent locations, as they may need to rely more on their own resources or hire additional support at their own expense.