How many total Hyper Kidz outlets were there at the start of 2022?
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 at the start of 2022. This number includes both franchised and company-owned outlets. At the beginning of 2022, there was 1 franchised outlet and 1 company-owned outlet.
This information is crucial for potential franchisees as it provides a snapshot of the brand's growth and presence in the market. Seeing the number of outlets at the start of the year helps to understand the expansion rate and the stability of the franchise system. It also allows prospective franchisees to gauge the maturity of the franchise and its potential for further growth.
Reviewing the number of company-owned versus franchised locations can also give insight into Hyper Kidz's business model and strategy. A higher number of company-owned locations might indicate a more hands-on approach from the franchisor, while a greater number of franchised locations could suggest a focus on expanding through partnerships with franchisees.