Who is responsible for the travel and living expenses associated with Hyper Kidz initial training?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
- 5.1.3 You will be responsible for the cost of all travel and living expenses that you and your personnel incur in connection with initial training and any subsequent training, including, but not limited to, travel, lodging, meals and applicable wages. We will not compensate training attendees for any incidental services performed in connection with training.
Source: Item 22 — CONTRACTS (FDD page 52)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, the franchisee is responsible for covering all travel and living expenses incurred by themselves and their personnel during the initial training program, as well as any subsequent training. These expenses include, but are not limited to, travel costs, lodging, meals, and applicable wages. Hyper Kidz will not provide compensation for any incidental services performed by the attendees during the training period.
This means that a prospective Hyper Kidz franchisee needs to factor in these costs when budgeting for the initial investment. The number of personnel attending the training will directly impact the total expenses. It is typical in the franchise industry for franchisees to bear the costs of travel and lodging for training, as the franchisor is already investing in providing the training program itself.
Therefore, a Hyper Kidz franchisee should carefully estimate these expenses, considering factors such as the training location, duration, and the number of employees required to attend. This will help in accurately assessing the overall financial commitment required to start and operate a Hyper Kidz franchise.