How many Hyper Kidz outlets were reacquired from franchisees in 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 |
| Total | 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 no re acquisitions of franchise locations in 2023. The provided table, which covers the years 2021-2023, shows the status of franchised outlets.
Specifically, for the year 2023, the table indicates that zero outlets were reacquired from franchisees. This means Hyper Kidz did not buy back any of its franchise locations during that year.
This information is valuable for potential franchisees as it provides insight into the stability of the franchise network. The absence of re acquisitions could suggest a healthy relationship between Hyper Kidz and its franchisees, or it could simply reflect the brand's growth strategy.