When was Baya Bar Franchise Systems, LLC formed?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
Baya Bar Franchise Systems, LLC (referred to in this Disclosure Document as "we," "us," or "our" and where the context requires also includes our affiliates) was formed as a Delaware limited liability company on March 14, 2018. Our principal place of business is 2343 Hylan Boulevard, Staten Island, New York, 10306, and we do business under our corporate name and the Marks as described below. In this Disclosure Document, we refer to the person or entity that will be signing the Franchise Agreement (defined below) as "you," "your," or "franchisee," which includes all franchise owners and partners, if you are a corporation, partnership or other entity.
We do not own or operate any businesses of the type being franchised. We have not offered franchises in any other line of business and we do not engage in any other business activity. We began offering franchises as of the date this Disclosure Document was first approved in the State of New York in October 2018.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 6–9)
What This Means (2024 FDD)
According to Baya Bar's 2024 Franchise Disclosure Document, Baya Bar Franchise Systems, LLC was formed on March 14, 2018, as a Delaware limited liability company. The company's principal place of business is located at 2343 Hylan Boulevard, Staten Island, New York, 10306. Baya Bar began offering franchises in October 2018, after the FDD was first approved in the State of New York.
It is important for prospective franchisees to understand the formation date of the franchising entity as it provides insight into the company's history and experience in franchising. The fact that Baya Bar began offering franchises in October 2018 suggests that the franchise system is relatively new.
Baya Bar Franchise Systems, LLC does not own or operate any businesses of the type being franchised. This is a deviation from the typical franchise model where the franchisor operates company-owned locations. However, Baya Bar has seven affiliates, some of which do operate businesses of the type being franchised. A prospective franchisee may want to further investigate the performance of these affiliate-owned locations.