How many Hyper Kidz outlets were operating in Maryland at the end of 2023?
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 2 outlets operating in Maryland at the end of 2023. The provided table tracks the number of outlets from 2021 to 2023, detailing openings, acquisitions, closures, and sales. This information is crucial for potential franchisees to understand the brand's growth and stability within a specific region.
The table shows that Hyper Kidz had 1 outlet in Maryland at the start of 2021, which remained the same at the end of the year. In 2022, one additional outlet was opened, bringing the total to 2 by the end of that year. The number of outlets remained steady at 2 throughout 2023, with no additional openings, re acquisitions, closures, or sales.
For a prospective franchisee, this data indicates a steady but not rapidly expanding presence in Maryland. It would be wise to investigate the performance of the existing Maryland locations to gauge market saturation and potential for further growth. Understanding the reasons behind the lack of new openings in 2023 could also provide valuable insights into the local market dynamics and the franchisor's strategic priorities.