How many Hyper Kidz franchised outlets were operating in Maryland at the start 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 was one franchised Hyper Kidz outlet operating in Maryland at the start of 2023. This information is based on data compiled as of December 31, 2023. The FDD provides a detailed overview of outlet development over the past three years.
Specifically, the table tracks the number of outlets at the start of each year, the number of outlets opened during the year, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year. This level of detail can help prospective franchisees understand the growth and stability of the Hyper Kidz franchise system in Maryland.
It is important to note that while the table provides a historical view, future performance may vary. Prospective franchisees should consider this information in conjunction with other factors, such as market conditions and their own business capabilities, when evaluating the Hyper Kidz franchise opportunity. Reviewing the complete Item 20 and speaking with existing franchisees can provide a more comprehensive understanding.