How many Baya Bar franchise agreements were not renewed in 2021?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opene d | Termina -tions | Non Renewal s | Reacquired by Franchisor | Ceased Operations – Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Louisiana | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Nevada | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| New York | 2021 | 4 | 5 | 0 | 0 | 0 | 0 | 9 |
| 2022 | 9 | 5 | 0 | 0 | 0 | 0 | 14 | |
| 2023 | 14 | 6 | 0 | 0 | 0 | 0 | 20 | |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Utah | 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Total | 2021 | 7 | 5 | 0 | 0 | 0 | 0 | 12 |
| 2022 | 12 | 7 | 1 | 0 | 0 | 0 | 17 | |
| 2023 | 17 | 6 | 0 | 0 | 0 | 0 | 23 |
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 no franchise agreements that were not renewed in 2021. The provided table, "Table No. 3 Status of Franchised Outlets For years 2021 to 2023", shows the number of non-renewals for each year. In 2021, the number of 'Non Renewals' is listed as 0. This indicates that no Baya Bar franchises were not renewed during that year across all states where Baya Bar had locations.
This information is crucial for potential franchisees as it provides insight into the stability and satisfaction of current franchisees within the Baya Bar system. A low number of non-renewals can suggest that franchisees are generally content with their investment and the support provided by the franchisor. Conversely, a high number might warrant further investigation into the reasons behind franchisees choosing not to renew their agreements.
It is important to note that while the table provides a summary of non-renewals, it does not offer specific details on why franchises were not renewed. A prospective franchisee should consider asking Baya Bar for more detailed information on the reasons behind any non-renewals in previous years to gain a more comprehensive understanding. This could include factors such as franchisee performance, market conditions, or changes in personal circumstances.