In 2022, how many Hyper Kidz outlets were opened in Maryland?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
------|---------------------------------------------|-------------------|----------------------------------|----------------------------------| | State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year | | Maryland | 2021 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2022 | 1 | 1 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 2 |
| Col 1 | Col 2 | Col 3 | Col 4 | Col 5 | Col 6
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 49–52)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, one outlet was opened in Maryland during 2022. At the start of 2022, there was one Hyper Kidz outlet in Maryland. With the opening of one additional outlet, the year concluded with a total of two outlets in the state.
This information is valuable for potential franchisees as it provides insight into the growth and expansion of Hyper Kidz in a specific geographic area. Observing the number of new outlets opened can indicate the brand's momentum and market penetration within Maryland.
However, it is important to note that past performance does not guarantee future results. A prospective franchisee should further investigate the factors contributing to the opening of new outlets and assess the current market conditions in Maryland to determine the potential for future growth.