When was Boomerang Franchise LLC, the franchisor of Hyper Kidz, formed?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
The Franchisor is Boomerang Franchise LLC. For ease of reference Boomerang Franchise LLC will be referred to as "we" or "us" in this Disclosure Document. We will refer to the person or entity who signs the Franchise Agreement as "you" throughout this Disclosure Document. If you are a corporation or other legal entity, certain provisions of the Franchise Agreement apply to your "Principals" (defined below) and will be noted.
We are a Maryland limited liability company formed on May 14, 2018. We do business under our corporate name and under the name "Hyper Kidz". Our principal business address is 6120 Syracuse Court, Clarksville, Maryland, 21029. We are engaged in the business of granting and supporting franchises to franchisees under the "Hyper Kidz" trade name and trademark. We have no other business activities. We have never offered franchises in this or any other line of business. We began offering franchises in October 2018.
Our agents for service of process are listed in Exhibit A.
Our Parent, Predecessors and Affiliates
We have no parent or predecessor.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 7–8)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, Boomerang Franchise LLC, the franchisor, was formed on May 14, 2018, as a Maryland limited liability company. The company does business under its corporate name and the name "Hyper Kidz." Its principal business address is 6120 Syracuse Court, Clarksville, Maryland, 21029.
Hyper Kidz began offering franchises in October 2018. This means that the company started franchising its concept approximately five months after its formation.
Prospective franchisees should note that the franchisor's relatively recent formation date could indicate a shorter operating history compared to more established franchise systems. This doesn't necessarily pose a risk, but it would be wise to conduct thorough due diligence, including speaking with existing franchisees and carefully reviewing the company's financial performance and growth plans.