How many company-owned Hyper Kidz outlets were operating at the start of 2023?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| Column 1 | Column 2 | Column 3 | Column 4 | Column 5 |
|---|---|---|---|---|
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
| Franchised | 2021 | 0 | 1 | +1 |
| 2022 | 1 | 1 | 0 | |
| 2023 | 1 | 2 | +1 | |
| Company-Owned | 2021 | 1 | 1 | 0 |
| 2022 | 1 | 2 | +1 | |
| 2023 | 2 | 2 | 0 | |
| Total Outlets | 2021 | 1 | 2 | +1 |
| 2022 | 2 | 3 | +1 | |
| 2023 | 3 | 4 | +1 |
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, there were 2 company-owned outlets operating at the start of 2023. This information is detailed in Table No. 4, which outlines the status of company-owned outlets from 2021 through 2023. The table provides a year-by-year breakdown of the number of company-owned outlets at the start and end of each year, as well as the net change.
For a prospective franchisee, this indicates the scale of corporate operations compared to franchised locations. Observing the growth pattern of company-owned stores can provide insights into Hyper Kidz's strategic approach to expansion and its direct involvement in managing and developing the brand.
It's worth noting that while the number of company-owned locations remained constant at 2 throughout 2023, there was an increase of one company-owned outlet in 2022. This suggests a period of evaluation or consolidation in 2023 after a year of expansion. Reviewing this data in conjunction with the performance of franchised outlets can offer a more comprehensive understanding of the overall health and growth strategy of the Hyper Kidz franchise system.