When did Baya Bar V LLC, the fifth Baya Bar affiliate, close?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
Our fifth affiliate is Baya Bar V LLC, a New York limited liability company, formed on November 13, 2017, and headquartered at 374 5th Avenue, Brooklyn, New York, 11215. This affiliate closed on December 31, 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 V LLC, the fifth affiliate, closed on December 31, 2018. This affiliate was a New York limited liability company formed on November 13, 2017, and headquartered at 374 5th Avenue, Brooklyn, New York, 11215.
The closure of an affiliate location can provide insights for potential franchisees. While the FDD doesn't specify the reasons for the closure, it's important for prospective franchisees to understand that not all locations succeed. This highlights the need to conduct thorough market research and due diligence before investing in a franchise.
It would be prudent for potential Baya Bar franchisees to inquire with the franchisor about the circumstances surrounding the closure of Baya Bar V LLC. Understanding the reasons behind the closure could help franchisees avoid similar pitfalls and make informed decisions about location selection and business operations. This information, combined with their own research, can contribute to a more comprehensive understanding of the risks and opportunities associated with investing in a Baya Bar franchise.