How many franchised Hyper Kidz outlets were operating at the end of 2023?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| Column 1 | Column 2 | Column 3 | Column 4 | Column 5 |
|---|---|---|---|---|
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
| Franchised | 2021 | 0 | 1 | +1 |
| 2022 | 1 | 1 | 0 | |
| 2023 | 1 | 2 | +1 | |
| Company-Owned | 2021 | 1 | 1 | 0 |
| 2022 | 1 | 2 | +1 | |
| 2023 | 2 | 2 | 0 | |
| Total Outlets | 2021 | 1 | 2 | +1 |
| 2022 | 2 | 3 | +1 | |
| 2023 | 3 | 4 | +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 2 franchised outlets operating at the end of 2023. The FDD provides a table summarizing the systemwide outlet count for the years 2021-2023. In 2023, the number of franchised Hyper Kidz locations increased by one.
Specifically, at the start of 2023, there was 1 franchised location. During 2023, one additional franchised location opened, bringing the total to 2 franchised locations by the end of the year.
This information is valuable for potential franchisees as it provides insight into the growth and current size of the Hyper Kidz franchise system. Reviewing the historical data helps assess the brand's expansion and stability.