How many Hyper Kidz franchise transfers occurred in 2022?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| Column 1 | Column 2 | Column 3 |
|---|---|---|
| State | Year | Number of Transfers |
| 2021 | 0 | |
| 2022 | 0 | |
| 2023 | 0 | |
| Total | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 0 |
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 no franchise transfers in 2022. The provided table tracks the number of franchise transfers from 2021 to 2023.
Specifically, the table indicates that the number of transfers was zero for each of the years 2021, 2022 and 2023. This suggests that during this period, no existing Hyper Kidz franchises were sold to new owners, other than the franchisor.
This information is relevant for prospective franchisees as it provides insight into the stability of the Hyper Kidz franchise system. A high number of transfers could indicate franchisee dissatisfaction or financial difficulties, while a low number, as is the case here, may suggest a more stable and successful franchise network.