What was the total number of Hyper Kidz outlets at the end of 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 total number of outlets at the end of 2023 was 4. This total comprises both franchised and company-owned outlets. Specifically, there were 2 franchised outlets and 2 company-owned outlets in operation at the close of 2023. This indicates a net growth of one outlet during the year, as the total number of outlets at the start of 2023 was 3.
Breaking down the franchised locations, the FDD indicates that at the end of 2023, there were two franchised Hyper Kidz locations. One was in Maryland, and the other's location is not specified in this table. The Maryland location opened one new outlet in 2023, bringing its total to two by the end of the year.
For prospective franchisees, this information provides a snapshot of the Hyper Kidz system's growth and composition. The relatively small number of total outlets suggests that Hyper Kidz is still an emerging franchise. The fact that the number of company-owned stores remained stable could mean the franchisor is focusing on expanding through franchising rather than investing in additional company-owned locations. Franchisees should further investigate Hyper Kidz's growth strategy and market penetration plans to assess the brand's potential in their target areas.