How many Hyper Kidz franchised outlets in Maryland were operating at the end of 2023?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| Col 1 | Col 2 | Col 3 | Col 4 | Col 5 | Col 6 | Col 7 | Col 8 |
|---|---|---|---|---|---|---|---|
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
| Total | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 1 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 2 |
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 franchised outlets operating in Maryland at the end of 2023. The provided table tracks the number of franchised Hyper Kidz outlets in Maryland over a three-year period.
In 2021, Hyper Kidz had 0 outlets at the start of the year and opened 1, resulting in 1 outlet at the end of the year. In 2022, there was 1 outlet at the start of the year, and 1 additional outlet was opened, bringing the total to 2 outlets by the end of 2022. In 2023, no additional outlets were opened, and no outlets closed, so the year ended with 2 operating franchised locations in Maryland.
This information is valuable for potential franchisees as it provides a clear picture of the growth and current presence of Hyper Kidz in Maryland. It shows the rate at which new franchises have been established and can help in assessing the brand's market penetration and acceptance in the state. Reviewing this historical data helps prospective franchisees understand the brand's growth trajectory and stability in a specific geographic area.