How many company-owned Baya Bar outlets were operating at the end of 2021?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 6 | 12 | +6 |
| 2022 | 12 | 17 | +5 | |
| 2023 | 17 | 23 | +6 | |
| Company- | 2021 | 3 | 3 | 0 |
| Owned* | ||||
| 2022 | 3 | 3 | 0 | |
| 2023 | 3 | 3 | 0 | |
| Total Outlets | 2021 | 9 | 15 | +6 |
| 2022 | 15 | 20 | +5 | |
| 2023 | 20 | 26 | +6 |
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, at the end of 2021, there were 3 company-owned outlets. The table provided in Item 20 of the FDD details the status of both franchised and company-owned outlets from 2021 to 2023.
For a prospective franchisee, this information indicates the scale of Baya Bar's corporate operations compared to its franchised locations. Seeing that the number of company-owned stores remained constant at 3 from 2021 to 2023, while franchised locations increased, may suggest that Baya Bar is prioritizing growth through franchising rather than expanding its own corporate footprint.
It's important to note that the company-owned outlets are owned and operated by Baya Bar's affiliates, as indicated in the footnote. This distinction could have implications for how these outlets are managed and how they contribute to the overall Baya Bar system. A potential franchisee might want to inquire about the relationship between Baya Bar and its affiliates to understand the full scope of the company's operations and support system.