What was the net change in the number of total Hyper Kidz outlets in 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, the net change in the number of total Hyper Kidz outlets in 2023 was an increase of one location. At the start of 2023, there were a total of three outlets, and by the end of the year, this number had increased to four. This reflects a net change of +1 outlet during that year.
Specifically, the data shows that franchised outlets experienced a net change of +1 in 2023, increasing from one to two locations. Meanwhile, company-owned outlets remained stable with no net change, staying at two locations throughout the year. The overall growth in franchised locations contributed to the total system growth.
For a prospective franchisee, this indicates a modest but positive growth trend for the Hyper Kidz system. While not explosive, the addition of a new franchised location suggests that the business model is proving viable for franchisees. This information, combined with other factors such as financial performance representations and support systems, can help potential franchisees assess the overall health and potential of the Hyper Kidz franchise opportunity.