At the end of 2022, how many Baya Bar outlets were operating in New York?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
|---------------------| | Total | 2021 | 0 | | | 2022 | 0 | | | 2023 | 0 |
Table No. 3 Status of Franchised Outlets For years 2021 to 2023
| State | Year | Outlets at Start of Year | Outlets Opene d | Termina -tions | Non Renewal s | Reacquired by Franchisor | Ceased Operations – Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Louisiana | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 53–55)
What This Means (2024 FDD)
According to Baya Bar's 2024 Franchise Disclosure Document, there were 14 Baya Bar outlets operating in New York at the end of 2022. The FDD provides a table that tracks the number of outlets at the start and end of each year, as well as the number of outlets opened, terminated, or otherwise changed. This information is specific to each state where Baya Bar has a presence. This data helps prospective franchisees understand the brand's growth and stability in different markets.
Specifically, the table shows that New York started 2022 with 9 outlets. During 2022, 5 new Baya Bar outlets were opened in New York, and there were no terminations, non-renewals, or re acquisitions by the franchisor. This resulted in a total of 14 Baya Bar outlets operating in New York at the end of 2022. This detailed breakdown allows potential franchisees to assess the net growth of Baya Bar in New York and understand the factors contributing to these changes.
For a prospective franchisee, this information is valuable for assessing the market saturation and growth potential in New York. The increase from 9 to 14 outlets indicates a positive growth trend. However, it's important to consider factors such as location, competition, and local market conditions to determine the viability of opening a new Baya Bar franchise in New York. Reviewing the list of franchisees and their locations in Exhibit F, as referenced in the FDD, would provide further insights into the existing Baya Bar presence in New York.