How many people does the initial Hyper Kidz training fee cover?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
if you choose to lease some items.
Notes:
- 1. Initial Franchise Fee; Training 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 attend our initial training program. We will train up to three people for the training fee. If you wish to send additional trainees to our initial training program, you must pay an additional training fee of $1,500 per person. You must also pay all expenses your trainees incur while attending training, including travel, lodging, meals and app
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 training fee of $7,500 covers training for up to three people. If a franchisee wishes to send additional trainees to the initial training program, they must pay an additional training fee of $1,500 per person. This fee is non-refundable.
In addition to the training fee, the franchisee is responsible for covering all expenses incurred by the trainees while attending the training program. These expenses include travel, lodging, meals, and any applicable wages for the trainees.
This structure, where an initial fee covers a certain number of trainees with additional costs for extra personnel, is fairly common in the franchise industry. It allows franchisees to manage their initial investment based on their staffing needs. Prospective Hyper Kidz franchisees should factor in both the initial training fee and the potential additional costs for extra trainees, along with their travel and living expenses, when budgeting their initial investment.