What was the net change in the total number of Hyper Kidz outlets during 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 total number of outlets during 2023 was an increase of one location. At the start of 2023, there were a total of three outlets, which increased to four by the end of the year. This total includes both franchised and company-owned locations.
Specifically, the number of franchised Hyper Kidz locations increased by one during 2023, growing from one to two. Meanwhile, the number of company-owned locations remained the same, with two locations at both the beginning and end of the year.
For a prospective franchisee, this indicates a slow but positive growth trend for Hyper Kidz. The addition of one franchised location in 2023 suggests that the franchise system is expanding, albeit at a modest pace. It is important to note that past performance does not guarantee future results, and potential franchisees should conduct their own due diligence to assess the viability of the Hyper Kidz franchise opportunity.