If a Hyper Kidz franchisee does not have a location at the time of signing the Franchise Agreement, what will they receive?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
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, if a franchisee does not have a location secured when signing the Franchise Agreement, they will receive a non-exclusive site search area list as Attachment 3. This list provides a starting point for the franchisee to begin their search for an appropriate location that meets Hyper Kidz's criteria.
It's important to note that this list is non-exclusive, meaning other potential franchisees may also be considering locations within the same area. The franchisee bears the responsibility of finding and securing a suitable site that aligns with Hyper Kidz's requirements.
Securing a suitable location is a critical step in establishing a Hyper Kidz franchise, and this initial list serves as a resource to aid franchisees in their search. Franchisees should carefully evaluate potential sites based on Hyper Kidz's criteria and conduct thorough market research to ensure the location's viability.