How many Hyper Kidz outlets were operating in Maryland at the start of 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 was one Hyper Kidz outlet operating in Maryland at the start of 2022. The provided table in Item 20 outlines the number of outlets at the start of the year for 2021, 2022, and 2023.
Specifically, for Maryland, the table indicates the number of outlets at the start of 2022 was one. During 2022, one additional Hyper Kidz outlet opened in Maryland, bringing the total to two outlets by the end of 2022.
This information is valuable for prospective franchisees as it provides insight into the growth and presence of Hyper Kidz in Maryland. Reviewing this historical data helps potential franchisees understand the brand's expansion trajectory and market penetration in the state.