How many total Hyper Kidz outlets were operating at the end of 2021?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| Column 1 | Column 2 | Column 3 | Column 4 | Column 5 |
|---|---|---|---|---|
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
| Franchised | 2021 | 0 | 1 | +1 |
| 2022 | 1 | 1 | 0 | |
| 2023 | 1 | 2 | +1 | |
| Company-Owned | 2021 | 1 | 1 | 0 |
| 2022 | 1 | 2 | +1 | |
| 2023 | 2 | 2 | 0 | |
| Total Outlets | 2021 | 1 | 2 | +1 |
| 2022 | 2 | 3 | +1 | |
| 2023 | 3 | 4 | +1 |
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 a total of 2 outlets operating at the end of 2021. This total includes both franchised and company-owned outlets. Specifically, there was 1 franchised outlet and 1 company-owned outlet in operation at the close of 2021.
For a prospective franchisee, this indicates the size and growth stage of the Hyper Kidz system. The relatively small number of outlets in 2021 suggests that the franchise system is still in its early stages of expansion. This could present both opportunities and risks for new franchisees.
On one hand, joining a young franchise system might allow for greater input and influence on the brand's development. On the other hand, there may be less historical data and brand recognition compared to more established franchises. It's important for potential franchisees to carefully evaluate the growth trajectory and support systems in place as Hyper Kidz expands.