What is the training fee for the initial training program for a Hyper Kidz franchise?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
ndable 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 applicable wages. T
Source: Item 5 — INITIAL FEES (FDD pages 9–10)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, a franchisee must pay a training fee of $7,500 when scheduling trainees to attend the initial training program. This fee covers training for up to three people. If the franchisee wishes to send additional trainees, they must pay an additional fee of $1,500 per person. The training fee is non-refundable.
In addition to the training fee, the franchisee is responsible for all expenses incurred by the trainees while attending the training program. These expenses include travel, lodging, meals, and any applicable wages. The training program is mandatory and must be completed no later than 60 days before the Hyper Kidz Business begins operation.
The initial training program will be conducted at Hyper Kidz's Affiliate's Hyper Kidz Business in Columbia, Maryland, at the headquarters, or at another location designated by Hyper Kidz. The FDD states that there is currently no set schedule for providing the training program. The franchisor will provide instructors and training materials for the initial training.