How many transfers of Hyper Kidz outlets occurred in 2021?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| Column 1 | Column 2 | Column 3 |
|---|---|---|
| State | Year | Number of Transfers |
| 2021 | 0 | |
| 2022 | 0 | |
| 2023 | 0 | |
| Total | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 0 |
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 transfers of Hyper Kidz outlets in 2021. The provided table summarizes outlet transfers from franchisees to new owners, other than the franchisor, for the years 2021 through 2023.
Specifically, the table indicates that the 'Number of Transfers' was 0 for the year 2021. This means that no existing Hyper Kidz franchises were sold by their original franchisees to new owners during that year.
This information is valuable for potential franchisees as it provides insight into the stability and desirability of existing Hyper Kidz franchises. A high number of transfers could indicate dissatisfaction among franchisees, while a low number, as in this case, may suggest that franchisees are generally content with their businesses.