When was Baya Bar Franchise System, LLC formed?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
Baya Bar Franchise System, LLC ('the Company') was formed as a limited liability company on March 14, 2018, in the State of Delaware .
The Company offers qualified purchasers the right to establish and operate a specialty acai retail and café business model operating under the trade name "Baya Bar." A Baya Bar franchise operates using the franchisor's proprietary products, recipes, formulae, techniques, trade dress, trademarks, and logos.
Related Parties:
The Company has seven related entities.
Baya Bowls LLC, a New York limited liability company, formed on September 22, 2016, Baya Bowls S.I. LLC, a New York limited liability company, formed on February 2, 2017, is Baya Bar III LLC, a New York limited liability company, formed on August 28, 2017, Baya Bar IV LLC, a New York limited liability company, formed on October 23, 2017, Baya Bar V LLC, a New York limited liability company, formed on November 13, 2017, Baya Bar Richmond LLC, a New York limited liability company, formed on June 4, 2018, and Baya Bar Avenue J LLC, a New York limited liability company formed October 1, 2021. All affiliates own and operate one business of the type being franchised and have never offered franchises in this or any other line of business and are not an approved supplier of any product or service that you must purchase or lease.
Source: Item 23 — RECEIPTS (FDD pages 56–189)
What This Means (2024 FDD)
According to Baya Bar's 2024 Franchise Disclosure Document, Baya Bar Franchise System, LLC was formed on March 14, 2018, as a limited liability company in the State of Delaware. This is important for prospective franchisees to know as it establishes the legal foundation and history of the company they are considering investing in.
The FDD also mentions several related entities to Baya Bar Franchise System, LLC. These include Baya Bowls LLC (formed September 22, 2016), Baya Bowls S.I. LLC (formed February 2, 2017), Baya Bar III LLC (formed August 28, 2017), Baya Bar IV LLC (formed October 23, 2017), Baya Bar V LLC (formed November 13, 2017), Baya Bar Richmond LLC (formed June 4, 2018), and Baya Bar Avenue J LLC (formed October 1, 2021). All of these affiliates own and operate one business of the type being franchised.
Understanding the formation date and the existence of related entities can give a potential franchisee a clearer picture of the Baya Bar's corporate structure and its evolution over time. It is fairly common for franchise systems to have related entities that operate stores. Franchisees may want to inquire about the nature of these related entities and their relationship to the franchisor to fully understand the Baya Bar business model.