How many company-owned Baya Bar outlets were operating at the end of 2023?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
te regulatory agencies.
ITEM 20 OUTLETS AND FRANCHISEE INFORMATION
Table No. 1 Systemwide Outlet Summary For years 2021 to 2023
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
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, there were 3 company-owned outlets operating at the end of 2023. The provided table shows the status of company-owned outlets for the years 2021 to 2023. Notably, the number of company-owned Baya Bar locations remained constant at 3 throughout this period.
For a prospective franchisee, this indicates that Baya Bar has not been actively expanding its company-owned operations. The FDD also states that the company-owned outlets are owned and operated by Baya Bar's affiliates.
This information is relevant for potential franchisees as it provides insight into Baya Bar's business model and growth strategy. A company that focuses primarily on franchising may offer different support and have different priorities compared to a company that also invests heavily in company-owned locations. It is important to note that while the number of company-owned stores remained constant, the number of franchise locations increased from 17 to 23 in 2023.