How many affiliate-owned Hyper Kidz outlets were in operation at the end of 2021?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2022 | 2021 | 2020 | |
|---|---|---|---|
| Outlets | 3 | 2 | 1 |
| in operation, beginning | |||
| Outlets | - | 1 | 1 |
| opened | |||
| Outlets | - | - | - |
| terminated or closed | |||
| Outlets | 3 | 3 | 2 |
| in operation, ending | |||
| Franchised outlets | 1 | 1 | 1 |
| Affiliate owned outlets | 2 | 2 | 1 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 52)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, there were two affiliate-owned outlets in operation at the end of 2021. This information is based on the provided table detailing the changes in the number of system outlets over several years. The table specifically breaks down the number of franchised versus affiliate-owned locations.
For a prospective franchisee, this indicates the level of competition or support they might expect from the franchisor's own operations. Knowing the number of affiliate-owned stores can provide insight into the franchisor's direct involvement in the business and their experience in operating the Hyper Kidz model.
It's worth noting that the number of affiliate-owned stores can fluctuate, as seen by the changes in the table across different years. This could be due to new openings, closures, or changes in ownership structure. Franchisees should monitor these trends to understand the franchisor's long-term strategy and commitment to the brand.