Where will the territory and address to Hyper Kidz premises be inserted?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| o Territory (insert map and/or define by zip codes): BE DETERMINED AND INSERTED AFTER A IDENTIFIED BY FRANCHISEE AND APPROVED BY FRANCHISOR, IN ACCORDANCE WITH SECTION 8.1 OF THE FRANCHISE AGREEMENT, IN THE | **TERRITORY AND ADDRESS TO HYPER KIDZ PREMISES IS |
|---|---|
| SITE SEARCH AREA OF | |
| Franchised Business Address: | |
- 4.1.2 We will approve or disapprove the site you propose for the operation of the Hyper Kidz Business by giving written notice to you. We agree to use reasonable efforts to deliver such notice to you within thirty (30) days after we receive the complete site documentation and any other materials we request regarding you and the proposed site. We will not unreasonably withhold our approval of a proposed site that meets our standards and specifications for Hyper Kidz Businesses. Upon our approval of a proposed site for the Hyper Kidz Business, the address of the Hyper Kidz Business will be inserted on Attachment 3 to this Agreement. If you are unable to find a suitable location for your Hyper Kidz Business within one hundred eighty (180) days after you sign this Agreement, we will provide you with an additional thirty (30) days to locate a suitable site. If you do not locate a suitable site within this additional thirty (30) day period, we may provide you with an additional extension, in our discretion, or we may terminate this Agreement.
Source: Item 22 — CONTRACTS (FDD page 52)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, the territory and address of the Hyper Kidz premises will be determined and inserted after a site is identified by the franchisee and approved by Hyper Kidz, in accordance with Section 8.1 of the Franchise Agreement. The franchised business address will also be inserted at this time.
Specifically, after the franchisee proposes a site, they must submit demographic, commercial, and other information, including photographs, for Hyper Kidz to evaluate. Hyper Kidz will then consider factors such as demographic characteristics, traffic patterns, parking, competition, household numbers, income levels, and the site's physical characteristics.
Hyper Kidz will provide written notice of approval or disapproval within 30 days of receiving complete site documentation. Upon approval, the address of the Hyper Kidz Business will be inserted on Attachment 3 to the Franchise Agreement. If a suitable location isn't found within 180 days, an additional 30 days may be granted, and further extensions are at Hyper Kidz's discretion. However, Hyper Kidz retains the right to terminate the agreement if a site is not located.