When is the Hyper Kidz Development Fee of $85,000 due?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
VELOPER – DEVELOPMENT OF THREE HYPER KIDZ BUSINESSES**
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be Made |
|---|---|---|---|---|
| Development Fee (1) | $85,000 | Lump Su |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2024 FDD)
According to the 2024 Hyper Kidz Franchise Disclosure Document, the Development Fee of $85,000 is due when signing the Multi-Unit Development Agreement. This fee is paid as a lump sum to Hyper Kidz.
This indicates that the development fee is a one-time payment required to secure the rights to develop multiple Hyper Kidz locations, as opposed to a per-location fee. This up-front payment grants the franchisee the opportunity to expand the Hyper Kidz brand within a specified territory.
Prospective franchisees should carefully consider their financial capacity and development plans before committing to a Multi-Unit Development Agreement, as this requires a substantial initial investment. It is important to note that this fee is non-refundable, so franchisees should conduct thorough due diligence before signing the agreement.