Does the furniture, fixtures, and equipment estimate for a Hyper Kidz franchise include a video surveillance system?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
Our estimate includes the various playground equipment you will need for each of Big Kid Zone, Kid Zone, and Mini Zone, as well as a video surveillance system.
Our estimate also includes furnishings, including office equipment (desk, chairs, filing cabinet, shelving), reception desk, lobby area furniture, shelving units, dispensers for toilet paper, paper towels and hand sanitizer, audio visual equipment installation (including video monitors, speakers, rack, sound system, mic, wiring), waiver kiosks/tablets, surveillance and security system, refrigerators and coolers.
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 furniture, fixtures, and equipment estimate does include a video surveillance system. The estimate also covers the various playground equipment needed for the Big Kid Zone, Kid Zone, and Mini Zone within the Hyper Kidz facility.
In addition to playground equipment and the video surveillance system, the furniture, fixtures, and equipment estimate encompasses furnishings such as office equipment (desk, chairs, filing cabinet, shelving), a reception desk, lobby area furniture, shelving units, dispensers for toilet paper, paper towels and hand sanitizer, audio visual equipment installation (including video monitors, speakers, rack, sound system, mic, wiring), waiver kiosks/tablets, and a security system. It also includes refrigerators and coolers.
The total estimated cost for furniture, fixtures, and equipment ranges from $250,000 to $400,000. This amount is payable to approved suppliers and is due as arranged. As a prospective franchisee, it's important to understand that these costs can vary based on the chosen suppliers and specific equipment selected for the Hyper Kidz location.