What was the net income for Hyper Kidz as of December 31, 2021?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| 13,867 | | 13,867 |
| Net income | | 21,106 | | - | | - | | BALANCE, DECEMBER 31, 2023 | $ | (62,130) | $ | (163,052) | $ | (298,580) |
BOOMERANG FRANCHISE, LLC STATEMENTS OF CASH FLOWS
| | YEARS ENDED DECEMBER 31, | | | | | | |----------------------------------------------------------------------------
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 52)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, the net income as of December 31, 2021, was $46,173. This figure represents the company's profitability after deducting all expenses from its revenues for that year.
For a prospective franchisee, this number provides insight into the financial performance of Hyper Kidz. It can be used to assess the overall financial health and stability of the company. A positive net income generally indicates that the company is operating profitably, which can be a positive sign for potential investors.
However, it's important to consider this figure in the context of other financial data and industry benchmarks. Reviewing several years of financial statements, as provided in the FDD, will give a better understanding of trends in Hyper Kidz's profitability. Additionally, prospective franchisees should compare Hyper Kidz's financial performance to that of other franchises in the interactive indoor playground sector to gauge its relative performance and potential for success.