How many Hyper Kidz outlets were in operation at the beginning of 2022?
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 3 outlets in operation at the beginning of 2022. This total includes both franchised and affiliate-owned locations.
Specifically, of these 3 locations, 2 were franchised Hyper Kidz outlets, and 1 was affiliate-owned. This breakdown is important for prospective franchisees to understand the composition of the Hyper Kidz system.
Tracking the number of outlets at the beginning of a year, along with the number of openings, terminations, and closures, helps potential franchisees evaluate the growth and stability of the Hyper Kidz franchise system. This information provides a historical perspective on the brand's performance and footprint.