When is the Initial Training fee due for Hyper Kidz new or replacement employees?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
hen Billed |
| Fees (1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Initial Training (For New or Replacement Employees) | $1,500 | 15 days after billing | Training for up to three people is included in the training fee. If you request that we provide our initial training program to any additional employees, or to new or replacement employees during the term of your Franchise Agreement, you must pay our training fee as well as the trainees' expenses, inc |
Source: Item 6 — OTHER FEES (FDD pages 10–15)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, the initial training fee for new or replacement employees is $1,500 and is due 15 days after billing. This fee covers training for up to three people.
If a Hyper Kidz franchisee needs to train additional employees beyond the initial three, or if new or replacement employees require training during the franchise term, the franchisee must pay the $1,500 training fee again. In addition to the fee, the franchisee is also responsible for covering the trainees' expenses. These expenses include travel, lodging, meals, and wages for the employees undergoing training.
This policy ensures that Hyper Kidz franchisees have access to trained staff, but it also places the financial burden of ongoing training on the franchisee. Franchisees should factor these potential training costs into their operating budget, especially if they anticipate high employee turnover or the need to train a large staff. This is a fairly standard practice in the franchise industry, where franchisees typically bear the costs of training their employees after the initial training period.