How many Hyper Kidz franchised outlets were in operation at the end of 2022?
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, at the end of 2022, there was one franchised outlet in operation. Additionally, there were two affiliate-owned outlets operating at that time. This brings the total number of Hyper Kidz outlets in operation at the end of 2022 to three.
It is important to note the distinction between franchised and affiliate-owned outlets. Franchised outlets are owned and operated by independent franchisees, while affiliate-owned outlets are owned and operated by the company's affiliate, Maryland Indoor Play, LLC. This difference in ownership structure can impact the financial performance and operational strategies of each type of outlet.
Prospective franchisees should consider the number of existing franchised locations when evaluating the Hyper Kidz franchise opportunity. A small number of franchised locations may indicate a relatively new franchise system or a slower rate of expansion. It is advisable to inquire about the growth plans for Hyper Kidz and the support provided to franchisees in establishing and operating their locations.