What is the initial franchise fee for a Hyper Kidz franchise, and is it refundable?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
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Initial Franchise Fee: You must pay us an initial franchise fee of $42,500, which is due in a lump sum when you sign the Franchise Agreement. The initial franchise fee is imposed uniformly on all franchisees and is not refundable under any circumstances.
Training Fee: You must pay us a training fee equal to $7,500 when you schedule your trainees to at
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 initial franchise fee is $42,500. This fee is due in a lump sum when the Franchise Agreement is signed. Hyper Kidz imposes this fee uniformly on all franchisees.
The FDD clearly states that the initial franchise fee is not refundable under any circumstances. This means that once the agreement is signed and the fee is paid, a prospective Hyper Kidz franchisee cannot get this money back, even if they later decide not to proceed with opening the franchise.
In addition to the initial franchise fee, franchisees must also pay a training fee of $7,500 when they schedule trainees to attend the initial training program. This training fee is also non-refundable. Therefore, a prospective franchisee should be certain of their decision before signing the agreement and paying these initial fees to Hyper Kidz.