How often will Hyper Kidz hold a meeting of its franchisees?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
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- At our option, hold a meeting of our franchisees. This meeting will be held when we believe it will be beneficial to the franchisees in the System and will not be held more frequently than annually. (Franchise Agreement – Section 5.3.)
We have the right to hold a meeting or convention of our franchisees, which may be held on a regional or national basis. We may specify that attendance at any franchisee meeting is mandatory for you and/or your General Manager unless the absence is excused by us. We may use a franchisee meeting to discuss new products or services, to discuss concerns with our franchisees, and/or to provide additional training. We will determine the location of the franchisee meeting, but we will not designate an unreasonably expensive location. We do not anticipate charging a fee for the franchisee meeting, but you must pay all expenses that you and your attendees incur, including travel, lodging, meals and applicable wages.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 24–33)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, Hyper Kidz has the option to hold a meeting of its franchisees when they believe it will benefit the franchisees. These meetings will not occur more than once per year.
These meetings may cover new products or services, franchisee concerns, and additional training. The location will be determined by Hyper Kidz, but they will choose a location that is not unreasonably expensive.
While Hyper Kidz does not anticipate charging a fee for the franchisee meeting, franchisees are responsible for all expenses incurred by themselves and their attendees. These expenses include travel, lodging, meals, and applicable wages. Franchisee attendance may be mandatory for both the franchisee and/or their General Manager unless excused by Hyper Kidz.