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In what year were the most Hyper Kidz outlets opened?
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 year in which the most outlets were opened was 2022. In 2022, Hyper Kidz opened a total of 1 company-owned outlet and 1 franchised outlet.
Specifically, for franchised outlets, one new location opened in 2021, one in 2022, and one in 2023. For company-owned locations, no locations opened in 2021, one opened in 2022, and none opened in 2023.
Therefore, a prospective Hyper Kidz franchisee can see that the company is still relatively new and growing, with the most growth occurring in 2022. This information is valuable for understanding the brand's recent expansion and trajectory.
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.