How many Hyper Kidz outlets were in operation at the beginning of 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 were 2 outlets in operation at the beginning of 2021. Of these, 1 was a franchised outlet and 1 was affiliate-owned.
This information is useful for prospective franchisees as it provides a snapshot of the Hyper Kidz system's growth and composition during that period. Understanding the number of existing outlets, as well as the breakdown between franchised and affiliate-owned locations, can give potential franchisees insight into the brand's expansion strategy and the role of corporate-owned stores within the network.
It's important to note that the number of outlets can fluctuate over time due to new openings, terminations, or closures. Reviewing the trend in outlet numbers across multiple years, as presented in the FDD, offers a more comprehensive understanding of the franchise system's stability and growth trajectory. This data helps potential franchisees assess the maturity and market penetration of the Hyper Kidz brand.