How many total Hyper Kidz outlets were operating at the start of 2023?
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 3 outlets operating at the start of 2023. This number includes both franchised and company-owned outlets.
Specifically, the FDD indicates that at the beginning of 2023, there was 1 franchised Hyper Kidz location and 2 company-owned locations. This information is crucial for potential franchisees as it provides a snapshot of the brand's existing footprint and the relative distribution between franchised and company-operated units.
Understanding the growth trajectory and the mix of franchised versus company-owned stores can help a prospective franchisee assess the stability and maturity of the Hyper Kidz franchise system. It also offers insights into the franchisor's investment strategy and commitment to the brand.