What was the net change in the number of company-owned Hyper Kidz outlets during 2022?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
te regulatory agencies.
Item 20: OUTLETS AND FRANCHISEE INFORMATION
Table No. 1 Systemwide Outlet Summary For years 2021 - 2023
| 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 |
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, the net change in the number of company-owned outlets during 2022 was an increase of one location. At the start of 2022, Hyper Kidz had one company-owned outlet. By the end of 2022, the number of company-owned locations had increased to two.
This information is useful for prospective franchisees as it provides insight into the growth and changes within the Hyper Kidz system. Observing the changes in company-owned stores can indicate the direction and investment strategies of the franchisor.
It's important to note that while the number of company-owned stores increased in 2022, the numbers remained constant in 2021 and 2023. This data helps potential franchisees understand the overall expansion trends and stability of the Hyper Kidz franchise system.