How much is the training fee for a Hyper Kidz franchise?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
er 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 standard training fee is $7,500. This fee is due when you schedule your trainees to attend the initial training program. The $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 is an important consideration for franchisees who anticipate needing more than three trained staff members from the outset.
In addition to the training fee, the franchisee is responsible for covering all expenses incurred by their trainees while attending the training program. These expenses include travel, lodging, meals, and any applicable wages the trainees may be entitled to. The training fee itself is non-refundable.