How many Baya Bar outlets were operating in Louisiana at the start of 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 |
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 two Baya Bar outlets operating in Louisiana at the start of 2021. The FDD provides a detailed breakdown of outlet locations and openings. This information is crucial for prospective franchisees to understand the brand's existing market presence and growth trajectory in specific regions.
The table in Item 20 outlines the number of outlets at the start of each year, the number of outlets opened, and the number of outlets at the end of the year for each state where Baya Bar has a presence. For Louisiana in 2021, the table clearly indicates that there were two outlets at the beginning of the year, and no additional outlets were opened during that year, leaving the total at two by the end of 2021.
This level of detail allows potential franchisees to assess the saturation of the market in Louisiana and to gauge the potential for further expansion. It also provides a historical perspective on the brand's performance in that state, which can inform their decision-making process. Understanding the existing footprint is a critical component of due diligence before investing in a franchise.