What was the net change in total Hyper Kidz outlets during 2021?
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 total Hyper Kidz outlets during 2021 was an increase of one outlet. At the start of 2021, there was one total outlet, and by the end of the year, the total number of outlets had increased to two. This represents a net change of +1 outlet for the year.
Specifically, this net change reflects the growth of the franchised locations. In 2021, the number of franchised Hyper Kidz outlets increased from zero at the beginning of the year to one by the end of the year. The number of company-owned outlets remained constant at one throughout 2021.
This information is valuable for potential franchisees as it provides insight into the growth trajectory of Hyper Kidz. The increase in total outlets, driven by the addition of a franchised location, suggests that the franchise system is expanding. Reviewing this data over several years, as presented in the FDD, can help prospective franchisees understand the stability and growth potential of the Hyper Kidz franchise.