How many Hyper Kidz affiliate-owned outlets were in operation at the end of 2022?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Outlets | 3 | 3 | 2 |
| in operation, beginning | |||
| Outlets | - | - | 1 |
| opened | |||
| Outlets | - | - | - |
| terminated or closed | |||
| Outlets | 3 | 3 | |
| in operation, ending | |||
| Franchised outlets | 2 | 2 | |
| Affiliate owned outlets | 1 | 1 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 52)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, at the end of 2022, there was 1 affiliate-owned outlet in operation. The table provided in Item 21 of the FDD details the changes in the number of system outlets for the years ended December 31, 2023, 2022, and 2021.
Specifically, the table shows that for the year 2022, there were a total of 3 outlets in operation at the beginning of the year. During 2022, no new outlets were opened, and no outlets were terminated or closed. Therefore, the total number of outlets in operation at the end of 2022 remained at 3.
Of these 3 outlets, 2 were franchised outlets, and 1 was affiliate-owned. This information is useful for prospective franchisees to understand the composition of the Hyper Kidz franchise system, including the balance between franchised and company-owned locations.