What materials must a Hyper Kidz franchisee submit when requesting relocation?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
If, during the term of the Franchise Agreement, you wish to relocate your Hyper Kidz Business, or if your Hyper Kidz Business is damaged or destroyed and cannot be repaired within 60 days, you must submit to us in writing the materials we require to consider your request, including information concerning
the proposed new location for your Hyper Kidz Business. You must also meet certain other requirements, such as being in compliance with the Franchise Agreement, the location meets our then-current requirements for a Hyper Kidz Business and is located within your Designated Territory, and you must sign our then-current form of Franchise Agreement. If we permit you to relocate, you will not pay a new initial franchise fee when you sign the new Franchise Agreement. We do not charge a relocation fee.
Source: Item 12 — TERRITORY (FDD pages 33–36)
What This Means (2024 FDD)
According to the 2024 Hyper Kidz Franchise Disclosure Document, if a franchisee wishes to relocate their Hyper Kidz Business, they must submit materials in writing to Hyper Kidz for consideration. These materials must include information concerning the proposed new location.
In addition to submitting the required materials, the Hyper Kidz franchisee must also meet certain other requirements to relocate. These requirements include being in compliance with the Franchise Agreement, ensuring the new location meets Hyper Kidz's then-current requirements, and ensuring the new location is within the franchisee's Designated Territory. The franchisee must also sign Hyper Kidz's then-current form of Franchise Agreement.
If Hyper Kidz permits the franchisee to relocate, the franchisee will not have to pay a new initial franchise fee when signing the new Franchise Agreement. Hyper Kidz also does not charge a relocation fee.