How many Hyper Kidz franchised outlets in Maryland ceased operations for reasons other than termination or non-renewal in 2021?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| Col 1 State | Col 2 Year | Col 3 Outlets at Start of Year | Col 4 Outlets Opened | Col 5 Termina tions | Col 6 Non Renewals | Col 7 Reacquired by Franchisor | Col 8 Ceased Operations – Other Reasons | Col 9 Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| MD | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 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 no Hyper Kidz franchised outlets in Maryland that ceased operations for reasons other than termination or non-renewal during the 2021 fiscal year. The provided table in Item 20 specifically tracks outlet data, including closures for various reasons.
Specifically, the table provides a breakdown of outlet activity in Maryland. For the year 2021, it indicates that there were 0 outlets at the start of the year, 1 outlet opened, 0 terminations, 0 non-renewals, 0 re acquisitions by the franchisor, and 0 ceased operations for other reasons, resulting in 1 outlet at the end of the year. This data point is important for prospective franchisees as it offers insight into the stability and performance of Hyper Kidz franchises in Maryland.
The absence of closures for 'other reasons' suggests that, at least for 2021, Hyper Kidz franchises in Maryland did not face unforeseen circumstances that led to closures outside of the typical termination or non-renewal scenarios. This information can be valuable in assessing the risks associated with investing in a Hyper Kidz franchise in that state. However, it is important to consider this data in conjunction with other factors, such as overall economic conditions and the performance of individual franchise locations, to gain a comprehensive understanding of the franchise's viability.