How many Hyper Kidz outlets opened during 2021?
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, there was one outlet opened in 2021. The table provided in Item 21 shows the changes in the number of system outlets for the years ended December 31, 2022, 2021, and 2020. At the beginning of 2021, there were two outlets in operation. During 2021, one new Hyper Kidz outlet opened. No outlets were terminated or closed during that year. This resulted in a total of three outlets in operation by the end of 2021, consisting of one franchised outlet and two affiliate-owned outlets.
For a prospective Hyper Kidz franchisee, this data indicates the growth rate of the franchise system during that period. While past performance is not indicative of future results, it provides some insight into the brand's expansion. The fact that one new outlet opened in 2021 suggests that the franchise was actively growing its footprint during that time.
It is important to note that the table also distinguishes between franchised outlets and affiliate-owned outlets. In 2021, one outlet was franchised and two were affiliate-owned. This breakdown can be useful for understanding the ownership structure of the Hyper Kidz system and the relative importance of franchised versus company-owned locations.