In what state did a Hyper Kidz franchise open in 2021?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| Col 1 | Col 2 | Col 3 | Col 4 | Col 5 | Col 6 | Col 7 | Col 8 |
|---|---|---|---|---|---|---|---|
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
| Maryland | 2021 | 1 | 0 | 0 | 0 | 0 | 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, one franchise location opened in Maryland during 2021. The table provided in Item 20 shows that at the start of 2021, there was one outlet in Maryland. No additional outlets opened, were reacquired, or closed, so the number of outlets remained at one by the end of 2021.
This information is valuable for prospective franchisees as it provides insight into the brand's growth and presence in specific states. Understanding the historical data of outlet openings and closures can help franchisees assess the stability and potential of the Hyper Kidz franchise in different markets.
It's important to note that while the FDD provides data on outlet openings, closures, and transfers, it does not offer specific details on the performance or success of individual locations. Further due diligence, including direct communication with existing franchisees, is recommended to gain a comprehensive understanding of the Hyper Kidz franchise opportunity.