How many franchised Baya Bar outlets were operating at the start of 2022?
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 |
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 12 franchised outlets operating at the start of 2022. This information is based on the table summarizing the status of franchised outlets for the years 2021 to 2023. The table also shows that Baya Bar had 6 franchised locations at the start of 2021 and 17 at the start of 2023.
For a prospective franchisee, this data indicates the growth trajectory of the Baya Bar franchise system over these three years. The increase from 12 to 17 locations during 2022 demonstrates a positive trend in franchise expansion. This information can be useful in assessing the brand's market penetration and growth potential.
It is important to note that these figures only reflect the number of franchised outlets and do not include company-owned locations. A prospective franchisee should also consider other factors, such as the financial performance of these outlets and the reasons for any closures, to gain a comprehensive understanding of the franchise system's health and stability. Reviewing the complete Item 20 tables in the FDD provides a more detailed view of outlet openings, closures, and transfers, which can further inform a potential franchisee's decision-making process.