When is the Hyper Kidz training fee of $7,500 due?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
lopment Agreement | Us |
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be Made |
|---|---|---|---|---|
| Vehicle – | $2,000 to $2,500 | As arranged | As arranged | Suppliers |
| 3 | ||||
| Months (2) | ||||
| Training Fee (3) | $7,500 | As arranged | Before training | Us |
| Other Expenditures | $709,133 to $1,757,833 | See First Table | See First Table | See First Table |
| for First | ||||
| Franchised | ||||
| (4) | ||||
| Busin |
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 training fee of $7,500 is due when you schedule your trainees to attend the initial training program. This fee covers training for up to three people. If a franchisee wishes to send additional trainees, they must pay an additional training fee of $1,500 per person. The franchisee is also responsible for covering all expenses the trainees incur while attending training, such as travel, lodging, meals, and applicable wages. The training fee is non-refundable.
Specifically, the table outlining the estimated initial investment details that the $7,500 training fee is to be paid to Hyper Kidz 'before training' and the method of payment is 'as arranged'.
Prospective franchisees should factor in these training costs when evaluating the overall financial investment required to start a Hyper Kidz franchise. Understanding when fees are due helps in planning and managing the initial capital outlay.