How many Baya Bar outlets were operating in New York at the end of 2021?
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 |
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 9 Baya Bar outlets operating in New York at the end of 2021. At the start of 2021, there were 4 outlets. During 2021, 5 new Baya Bar locations opened in New York. There were no outlets reacquired from franchisees, closed, or sold to franchisees.
This information is valuable for potential franchisees as it provides a snapshot of Baya Bar's growth and presence in New York. The increase from 4 to 9 outlets indicates a significant expansion during that year. Reviewing this historical data helps prospective franchisees understand the brand's development trajectory and market penetration in a specific region.
It's important to note that past performance doesn't guarantee future results. However, this data, combined with other factors like market analysis and competitive landscape assessment, can inform a franchisee's decision-making process. Understanding the rate of growth and the number of openings and closures can provide insights into the stability and potential of the Baya Bar franchise in New York.