How many Hyper Kidz outlets were reacquired by the franchisor in Maryland during 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 were no Hyper Kidz outlets reacquired by the franchisor in Maryland during 2022. The provided table in Item 20 outlines outlet information by state and year, including the number of outlets reacquired from franchisees.
Specifically, for Maryland in 2022, the table shows '0' under the 'Outlets Reacquired from Franchisee' column. This indicates that Hyper Kidz did not reacquire any franchised locations in Maryland during that year. The table also details that at the start of 2022, there was 1 outlet in Maryland, 1 outlet was opened, and by the end of the year, there were 2 outlets.
Prospective franchisees can use this information to understand the stability and changes within the Hyper Kidz franchise system in specific geographic areas. Reacquisitions can sometimes signal issues with franchisee performance or strategic shifts by the franchisor, so a lack of reacquisitions may be viewed positively.