How many total Baya Bar outlets were operating at the end of 2023?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 6 | 12 | +6 |
| 2022 | 12 | 17 | +5 | |
| 2023 | 17 | 23 | +6 | |
| Company- | 2021 | 3 | 3 | 0 |
| Owned* | ||||
| 2022 | 3 | 3 | 0 | |
| 2023 | 3 | 3 | 0 | |
| Total Outlets | 2021 | 9 | 15 | +6 |
| 2022 | 15 | 20 | +5 | |
| 2023 | 20 | 26 | +6 |
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 a total of 26 Baya Bar outlets operating at the end of 2023. This total includes both franchised and company-owned outlets. Of these 26 outlets, 23 were franchised and 3 were company-owned.
Over the course of 2023, the Baya Bar system experienced a net increase of 6 outlets. This growth consisted of a net increase of 6 franchised locations, while the number of company-owned outlets remained constant. This indicates that Baya Bar's growth in 2023 was driven entirely by the expansion of its franchise network.
For a prospective franchisee, this data indicates a growing franchise system. The fact that all net growth in 2023 came from franchised locations may suggest that Baya Bar is focusing on expanding through franchising rather than investing in company-owned stores. This could mean more opportunities for franchisees, but it also highlights the importance of understanding the support and resources Baya Bar provides to its franchisees to ensure their success.