How many Baya Bar outlets were operating in New York 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 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Nevada | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| New York | 2021 | 4 | 5 | 0 | 0 | 0 | 0 | 9 |
| 2022 | 9 | 5 | 0 | 0 | 0 | 0 | 14 | |
| 2023 | 14 | 6 | 0 | 0 | 0 | 0 | 20 | |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Utah | 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Total | 2021 | 7 | 5 | 0 | 0 | 0 | 0 | 12 |
| 2022 | 12 | 7 | 1 | 0 | 0 | 0 | 17 | |
| 2023 | 17 | 6 | 0 | 0 | 0 | 0 | 23 |
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 4 Baya Bar outlets operating in New York at the start of 2021. During 2021, 5 additional outlets were opened, bringing the total to 9 by the end of the year.
This information is crucial for potential franchisees as it provides a snapshot of Baya Bar's existing market presence and growth trajectory in New York. The fact that 5 new outlets opened in 2021 suggests a growing demand for Baya Bar's products and services in the state.
However, it's important to note that past performance is not necessarily indicative of future results. Prospective franchisees should conduct their own market research and due diligence to assess the viability of a Baya Bar franchise in their desired location. They should also consider factors such as competition, demographics, and local economic conditions before making a final decision.