How many Baya Bar outlets were not renewed across all states in 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 | 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 |
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 zero non-renewals of franchise agreements across all states in 2021. The provided table in Item 20 outlines the status of franchised outlets for the years 2021 to 2023, showing the number of outlets at the start and end of each year, as well as any terminations, non-renewals, or re acquisitions by the franchisor.
Specifically, for the year 2021, the table indicates that in Louisiana, Nevada, and New York there were zero non-renewals. The total number of non-renewals across all states in 2021 was also zero. This suggests that all franchise agreements that were up for renewal in 2021 were successfully renewed, and no franchisees chose not to continue their agreement with Baya Bar.
This information is crucial for potential franchisees as it provides insight into the stability and satisfaction of existing franchisees within the Baya Bar system. A high number of non-renewals could indicate issues with the franchise model, profitability, or franchisor-franchisee relationships. The absence of non-renewals in 2021 suggests a healthy and stable franchise system, which may be an attractive factor for prospective franchisees.