How many Hyper Kidz franchised outlets were operating in Maryland at the start of 2022?
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 |
| Maryland | 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 was one franchised outlet operating in Maryland at the start of 2022. This information is based on the provided table that tracks outlet openings, closures, and other changes over the years. The table specifically breaks down the number of outlets at the start of each year.
For a prospective franchisee, this indicates the existing footprint of Hyper Kidz in Maryland during that period. It's important to note that while there was one outlet at the beginning of 2022, the table also shows changes throughout the year, such as openings or closures, which could affect the market dynamics.
It is also important to consider the growth and changes in the number of outlets over the years to understand the brand's expansion and stability in the region. The table provides a clear view of the number of outlets at the start and end of each year, as well as any openings, terminations, or other changes that occurred during the year.