How many Baya Bar outlets were operating in New York at the end 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 were 14 Baya Bar outlets operating in New York at the end of 2022. The FDD provides a system-wide outlet summary that details the number of outlets at the start and end of each year, as well as the changes that occurred during the year. This information is useful for prospective franchisees to understand the growth and changes within the Baya Bar system.
Specifically, the table shows that Baya Bar had 9 outlets at the start of 2022, opened 5 new outlets during the year, and had 14 outlets at the end of the year. There were no terminations, non-renewals, re acquisitions by the franchisor, or ceased operations for other reasons during that year. This indicates a period of growth for Baya Bar in New York during 2022.
Reviewing the number of Baya Bar locations in a specific state gives potential franchisees an idea of brand presence and market saturation. A growing number of outlets could indicate a healthy and expanding market, while a high number of closures might raise concerns about the viability of the franchise in that area. Therefore, it's essential to consider these figures in conjunction with other factors, such as local market conditions and competition, when evaluating a franchise opportunity.