How many Hyper Kidz franchised outlets opened in Maryland during 2023?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 1 | 0 | 0 | 0 | 0 | 2 |
Table No. 4 Status of Company-Owned Outlets For years 2021 – 2023
| 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 |
| Maryland | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 1 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 2 |
| 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 |
**Table No.
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 opened in Maryland during 2023, according to one table. However, another table indicates that one outlet opened in 2023. This discrepancy could be due to different reporting methods or definitions used in each table.
Specifically, one table provides data on the "Status of Franchised Outlets" for the years 2021-2023. For Maryland in 2023, it lists 2 outlets at the start of the year, 0 outlets opened, and 2 outlets at the end of the year. This suggests no new franchised locations were established in Maryland during that period, according to this table.
Another table shows the "Status of Franchised Outlets For years 2021 – 2023" and indicates that for Maryland in 2023, there was 1 outlet at the start of the year and 1 outlet opened. This discrepancy should be clarified with the franchisor.