How many Hyper Kidz outlets were open at the start of 2022?
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 total Hyper Kidz outlets open at the start of 2022. This is based on the system-wide outlet summary provided in Table No. 1.
Specifically, the table breaks down the number of outlets by year, indicating that at the beginning of 2022, the total number of Hyper Kidz outlets (both franchised and company-owned) was 2. This number increased to 3 by the end of 2022, showing a net change of +1 outlet during that year.
Prospective franchisees can use this information to understand the growth and size of the Hyper Kidz system over recent years. It's important to note that this number reflects the total for both franchised and company-owned locations, and further details on the breakdown between these types of outlets are available elsewhere in the FDD.