How many Hyper Kidz franchised outlets were reacquired by the franchisor in Maryland during 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 were no Hyper Kidz franchised outlets reacquired by the franchisor in Maryland during 2022. The table provided in Item 20 outlines the changes in outlet numbers for Maryland over the past three years.
Specifically, for the year 2022 in Maryland, the table indicates that there was one outlet at the start of the year, one outlet opened, and zero outlets reacquired from a franchisee. There were also zero outlets closed or sold to a franchisee, resulting in two outlets at the end of the year.
This information is valuable for potential Hyper Kidz franchisees as it provides insight into the stability and changes within the franchise system in a specific state. A consistent number of reacquired outlets could indicate potential issues with franchise performance or franchisee relations, while zero reacquired outlets, as in this case, may suggest a stable franchise environment.