What was the total number of Hyper Kidz outlets opened across all locations 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 |
| Total | 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, there were a total of zero outlets opened across all locations in 2021. The document provides a system-wide outlet summary that includes the number of outlets at the start of the year, outlets opened, outlets reacquired from franchisees, outlets closed, outlets sold to franchisees, and outlets at the end of the year.
Specifically, for the year 2021, the table shows that there was 1 outlet at the start of the year and 1 at the end of the year, with zero outlets opened. This indicates that while the Hyper Kidz system existed, it did not expand by opening any new locations during that year.
Prospective franchisees should consider this historical data when evaluating the growth trajectory of Hyper Kidz. While past performance does not guarantee future results, understanding the rate at which new outlets have opened in previous years can provide valuable context for assessing the potential of the franchise system.