What was the total revenue from Hyper Kidz franchise sales in 2022?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| ASSETS: | ||||||
| CURRENT ASSETS | ||||||
| Cash and equivalents | $ | 7,376 | $ | 20 | ||
| Accounts receivable | 18,006 | - | ||||
| TOTAL CURRENT ASSETS | 25,382 | 20 | ||||
| TOTAL ASSETS | $ | 25,382 | $ | 20 | ||
| LIABILITIES AND MEMBERS' (DEFICIT): | ||||||
| CURRENT LIABILITIES | ||||||
| Royalties collected in advance | $ | - | $ | 36,612 | ||
| Non-refundable deferred franchise sales, current portion | 7,900 | 3,950 | ||||
| Accrued expenses | 3,813 | 820 | ||||
| Notes payable, current portion | 341 | - | ||||
| TOTAL CURRENT LIABILITIES | 12,054 | 41,382 | ||||
| LONG-TERM LIABILITIES | ||||||
| Non-refundable deferred franchise sales | 55,958 | 24,687 | ||||
| Notes payable | 78,659 | 79,000 | ||||
| TOTAL LIABILITIES | 146,671 | 145,069 | ||||
| MEMBERS' (DEFICIT) | ||||||
| Members' equity (deficit) | 55,630 | 33,338 | ||||
| Due from affiliates, net | (176,919) | (178,387) | ||||
| TOTAL MEMBERS' (DEFICIT) | (121,289) | (145,049) | ||||
| TOTAL LIABILITIES AND | ||||||
| MEMBERS' (DEFICIT) | $ | 25,382 | $ | 20 |
**BOOMERANG FRANCHISE, LLC
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 from franchise sales in 2022 was $4,279. This figure represents the income Hyper Kidz received from selling new franchises during that year. Franchise sales revenue can fluctuate depending on the number of new franchise agreements signed.
For a prospective franchisee, this number provides insight into the brand's growth and the demand for Hyper Kidz franchises. A higher number might indicate strong interest in the franchise opportunity, while a lower number could suggest slower expansion or market saturation. It is important to consider this figure in conjunction with other financial data, such as royalty fees and total revenue, to get a comprehensive understanding of Hyper Kidz's financial performance.
It's also worth noting that franchise sales revenue is just one component of Hyper Kidz's overall income. Royalty fees, equipment sales, and other revenue streams also contribute to the company's financial health. Therefore, prospective franchisees should analyze all revenue sources to assess the stability and potential of the Hyper Kidz franchise system.