How many franchised Baya Bar outlets were operating at the start 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, there were 6 franchised outlets operating at the start of 2021. The FDD provides a systemwide outlet summary that details the number of franchised, company-owned, and total outlets from 2021 to 2023. This information is crucial for potential franchisees to understand the growth and composition of the Baya Bar system over the past few years.
Specifically, the table shows the progression of franchised outlets, starting with 6 in 2021, increasing to 12 by the end of that year, and continuing to grow to 17 and 23 in the following years. This indicates a positive trend in franchise expansion. The company-owned outlets remained constant at 3 during this period, suggesting that Baya Bar's growth strategy is primarily focused on franchising rather than expanding through company-owned locations.
For a prospective franchisee, this data offers insights into the brand's expansion strategy and the increasing presence of franchised locations. It is important to note that past performance does not guarantee future results, but the consistent growth in franchised outlets suggests a stable and expanding franchise system. Potential franchisees should further investigate the reasons behind this growth and assess whether this trend is likely to continue.
Overall, the information presented in Table No. 1 of Item 20 provides a clear overview of Baya Bar's outlet distribution and growth patterns, which is essential for making an informed investment decision. The distinction between franchised and company-owned outlets is particularly relevant for understanding the franchisor's business model and priorities.