Where can a Hyper Kidz franchisee purchase the required computer system?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
and/or to maintain a social media website.
Computer System (Franchise Agreement Article 11)
You must purchase and use certain computer hardware and software, including point of sale systems that we designate, that are capable of electronically interfacing with our computer system. The computer system is used to collect and monitor point of sale information, create business reports, scheduling, payroll management, inventory management, credit card processing, and booking parties.
The computer system must allow us to have immediate access to the information monitored by the system, and there is no contractual limitation on our access or use of the information we obtain. You must install and maintain equipment and a highspeed internet connection in accordance with our specifications to permit us to access the point of sale (or other computer hardware and software) at your Franchised Business premises as described above. This will permit us to electronically inspect and monitor information concerning your Hyper Kidz Business's Gross Sales and any other information that may be contained or stored in the computer system, including the ability to review your video surveillance.
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, franchisees must acquire designated computer hardware and software, including point-of-sale systems that can interface with Hyper Kidz's computer system. This system is essential for collecting point-of-sale data, generating business reports, scheduling, managing payroll and inventory, processing credit cards, and booking parties.
The FDD specifies that franchisees must purchase the computer system from any authorized seller, unless Hyper Kidz designates a specific supplier. The estimated cost for the computer system, including initial software licenses, ranges from $6,500 to $10,000. Additionally, Hyper Kidz recommends, but does not require, that franchisees purchase a maintenance contract for their computer systems, the cost of which will depend on the level of service selected.
Franchisees are also obligated to obtain all required software updates, with the estimated annual cost for software updates and/or subscriptions being approximately $3,600. Hyper Kidz retains the right to modify the designated computer system in the future, and franchisees must comply with any required changes. The computer system must also allow Hyper Kidz immediate access to monitored information, without any contractual limitations on their access or use of the data.