What document specifies the Approved Location for a Hyper Kidz Business?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
Your Franchise Agreement will specify the site that will be the Approved Location for your Hyper Kidz Business. Your Franchise Agreement will also specify a Designated Territory, which will be a minimum of 65,000 kids ages 13 & under within a 15-mile radius (Driving Distance), whichever comes first around the Approved Location. Your Designated Territory may be described in terms of street, municipal or other boundaries, and may be depicted on a map that is attached to your Franchise Agreement. If you do not yet have a location at the signing of the Franchise Agreement, you will receive a non-exclusive site search area list as Attachment 3.
Source: Item 12 — TERRITORY (FDD pages 33–36)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, the specific location approved for a franchisee's Hyper Kidz Business is detailed within the Franchise Agreement. This agreement will designate the site as the 'Approved Location'.
In addition to specifying the Approved Location, the Franchise Agreement also outlines a 'Designated Territory'. This territory consists of a minimum of 65,000 children aged 13 and under within a 15-mile radius (Driving Distance) around the Approved Location, whichever comes first. The Designated Territory's boundaries may be defined by streets, municipal lines, or other boundaries, and may be visually represented on a map attached to the Franchise Agreement.
For franchisees who have not yet secured a location when signing the Franchise Agreement, Hyper Kidz provides a non-exclusive site search area list as Attachment 3. This list assists the franchisee in identifying potential locations that meet Hyper Kidz's criteria. It is important for prospective franchisees to carefully review the Franchise Agreement and Attachment 3 to understand the site selection process and territorial rights.