What is a Hyper Kidz franchisee required to do before beginning development of the Hyper Kidz Business?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
4.4 Development of the Hyper Kidz Business
As soon as practicable after you obtain possession of the Site by signing a lease, sublease or purchase agreement, you agree, at your expense, to do or cause to be done the following: (a) prepare and submit to us for approval detailed construction plans and specifications and space plans for the Hyper Kidz Business that comply with the Design Specifications and all applicable ordinances, building codes, permit requirements, and lease requirements and restrictions; (b) obtain all required zoning changes, planning consents, building, utility, sign, health, sanitation and business permits, licenses and approvals and any other consents, permits and licenses necessary to lawfully open and operate the Hyper Kidz Business; (c) construct all required improvements in compliance with construction plans and specifications approved by us; (d) decorate the Hyper Kidz Business in compliance with Design Specifications and plans and specifications approved by us; (e) purchase and install all required equipment, including furniture, fixtures and signs; and (f) obtain all customary contractors' sworn statements and partial and final waivers of lien for construction, remodeling, decorating and installation services.
Source: Item 22 — CONTRACTS (FDD page 52)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, before starting the development of their Hyper Kidz Business, a franchisee must take several key steps. First, they need to secure possession of the site by signing a lease, sublease, or purchase agreement. Following this, the franchisee is responsible for creating and submitting detailed construction plans, specifications, and space plans to Hyper Kidz for approval. These plans must adhere to Hyper Kidz's Design Specifications, as well as all relevant local ordinances, building codes, permit requirements, and lease restrictions. This ensures that the facility meets Hyper Kidz's standards and complies with legal requirements.
Next, the franchisee must obtain all necessary legal and regulatory approvals. This includes securing zoning changes, planning consents, building permits, utility connections, sign permits, health and sanitation permits, and business licenses. Essentially, the franchisee needs to ensure they have all the permissions required to legally open and operate the Hyper Kidz Business at the chosen location. This can be a time-consuming process, and it's crucial to get these approvals before proceeding with construction.
Finally, the franchisee is responsible for the physical construction and setup of the Hyper Kidz Business. This involves constructing all required improvements according to the approved construction plans and specifications. They must also decorate the facility in compliance with Hyper Kidz's Design Specifications and the approved plans. Additionally, the franchisee needs to purchase and install all necessary equipment, including furniture, fixtures, and signs that meet Hyper Kidz's standards. To protect themselves and Hyper Kidz, the franchisee must obtain all customary contractors' sworn statements and partial and final waivers of lien for construction, remodeling, decorating, and installation services, ensuring that all contractors are properly paid and that there are no outstanding claims against the property.