When was Baya Bar V LLC, the fifth Baya Bar affiliate, formed?
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, was formed on November 13, 2017. It is a New York limited liability company with its headquarters located at 374 5th Avenue, Brooklyn, New York, 11215.
The FDD provides details about the formation dates and locations of Baya Bar's affiliates. This information is useful for prospective franchisees as it offers insight into the company's history and structure. Understanding the affiliate network can help franchisees assess the stability and experience of the Baya Bar franchise system.
It's worth noting that Baya Bar V LLC closed on December 31, 2018. This detail could raise questions for potential franchisees, and it would be prudent to inquire with Baya Bar about the reasons for the closure and any lessons learned from that experience. Understanding the circumstances surrounding the closure can provide valuable context for evaluating the overall risk and opportunity associated with investing in a Baya Bar franchise.