How many Hyper Kidz franchised outlets in Maryland were not renewed 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 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | |
| Total | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 1 | 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 no Hyper Kidz franchise agreements in Maryland that were not renewed in 2021. The table provided in Item 20 includes data on franchise outlets, including non-renewals.
Specifically, the table tracks the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and outlets at the end of the year. For Maryland in 2021, the 'Non Renewals' column shows a value of 0.
This indicates that all franchise agreements that were up for renewal in Maryland during 2021 were successfully renewed, and no Hyper Kidz franchises in Maryland ceased operations due to non-renewal during that year. This information is valuable for prospective franchisees as it provides insight into the stability and renewal rates of Hyper Kidz franchises in Maryland.