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What was the total revenue for Hyper Kidz in 2021?

Hyper_Kidz Franchise · 2024 FDD

Answer from 2024 FDD Document

) | | (121,289) | | (145,049) | | | | TOTAL LIABILITIES AND | | | | | | | | MEMBERS' (DEFICIT) | $ | 25,382 | $ | 20 | | |

BOOMERANG FRANCHISE, LLC STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2022, 2021 AND 2020

2022 2021 2020
REVENUES

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 52)

What This Means (2024 FDD)

According to Hyper Kidz's 2024 Franchise Disclosure Document, the total revenue for the company in 2021 was $70,037. This figure represents the sum of several revenue streams, including franchise sales of $3,950, royalty fees of $68,260, and other revenue totaling $2,827. A royalty discount of $5,000 was also applied, reducing the overall revenue.

For a prospective Hyper Kidz franchisee, understanding the franchisor's revenue streams and their fluctuations is crucial. The 2021 revenue figure provides a benchmark for assessing the company's financial performance during that period. It's important to note the different components contributing to the total revenue, such as franchise sales (which may vary depending on the number of new franchises sold) and royalty fees (which are typically recurring and based on franchisees' sales).

Analyzing these figures in conjunction with other years' data can reveal trends and potential growth areas. For instance, comparing the 2021 revenue with that of 2022 and 2020, as presented in the FDD, shows variations in total revenue and its components. Equipment sales, for example, were absent in 2021 but significant in 2020, indicating potential shifts in the company's business activities.

Therefore, a potential franchisee should carefully examine these financial statements to understand the revenue model of Hyper Kidz, its historical performance, and the factors that influence its financial health. This information, combined with other aspects of the FDD, will help in making an informed decision about investing in a Hyper Kidz franchise.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.