How many Baya Bar outlets were operating in Nevada at the start of 2022?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
|---------------------| | Total | 2021 | 0 | | | 2022 | 0 | | | 2023 | 0 |
Table No. 3 Status of Franchised Outlets For years 2021 to 2023
| 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 |
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 was one outlet operating in Nevada at the start of 2022. The table provided in Item 20 outlines the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and outlets at the end of the year for various states. This information is presented for the years 2021, 2022, and 2023.
Specifically, for Nevada in 2022, the table shows that there was one outlet at the start of the year. No additional outlets were opened during the year, and there were no terminations or non-renewals. However, one outlet ceased operations for other reasons, resulting in zero outlets at the end of 2022.
This data is useful for potential franchisees to understand the historical performance and stability of Baya Bar locations in specific states. The closure of the Nevada outlet in 2022 could be a point of discussion with the franchisor to understand the reasons behind it and whether any specific challenges exist in that market. Reviewing this type of data helps prospective franchisees assess the risks and opportunities associated with investing in a Baya Bar franchise in a particular region.