How many franchised Hyper Kidz outlets were opened in 2021?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2022 | 2021 | 2020 | |
|---|---|---|---|
| Outlets | 3 | 2 | 1 |
| in operation, beginning | |||
| Outlets | - | 1 | 1 |
| opened | |||
| Outlets | - | - | - |
| terminated or closed | |||
| Outlets | 3 | 3 | 2 |
| in operation, ending | |||
| Franchised outlets | 1 | 1 | 1 |
| Affiliate owned outlets | 2 | 2 | 1 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 52)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, one franchised outlet was opened in 2021. The FDD provides a table outlining the changes in the number of system outlets for the years 2021, 2022, and 2023. This table differentiates between total outlets, franchised outlets, and affiliate-owned outlets.
The table shows that there were a total of 2 outlets in operation at the beginning of 2021. During that year, one outlet was opened, and none were terminated or closed, resulting in 3 outlets in operation at the end of 2021. Of these, one was a franchised outlet and two were affiliate-owned.
For a prospective franchisee, this data indicates the growth and composition of the Hyper Kidz franchise system. While only one franchise opened in 2021, the existence of affiliate-owned locations suggests a degree of stability and operational experience within the company. Monitoring the number of franchise openings and closures in subsequent years can further inform a franchisee's assessment of the brand's growth trajectory and overall health.