What was the net change in the number of franchised Hyper Kidz outlets in 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 the 2024 Hyper Kidz Franchise Disclosure Document, the net change in the number of franchised outlets during 2022 was 0. This indicates that while there was one franchised location open at the start of 2022, the number remained the same by the end of the year.
For a prospective franchisee, this data point provides insight into the growth and stability of the Hyper Kidz franchise system. A net change of zero could suggest a period of consolidation or could simply reflect that the franchise system is relatively new.
It's important to note that while there was no net change in franchised outlets, the number of company-owned outlets increased by one during 2022. This could indicate a strategic decision by Hyper Kidz to invest in company-owned locations during that period. Further research and discussions with the franchisor would be beneficial to understand the reasons behind these changes and the overall growth strategy of the company.