What is the name of the fifth Baya Bar affiliate?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
Our fifth affiliate is Baya Bar V LLC, a New York limited liability company, formed on November 13, 2017, and headquartered at 374 5th Avenue, Brooklyn, New York, 11215. This affiliate closed on December 31, 2018.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 6–9)
What This Means (2024 FDD)
According to the 2024 Baya Bar Franchise Disclosure Document, the fifth affiliate is named Baya Bar V LLC. It is a New York limited liability company that was formed on November 13, 2017, and headquartered at 374 5th Avenue, Brooklyn, New York, 11215.
The FDD notes that Baya Bar V LLC closed on December 31, 2018. This indicates that while the affiliate was initially established, it ceased operations relatively quickly.
For a prospective franchisee, this information highlights the importance of understanding the performance and stability of Baya Bar's affiliates. While the existence of multiple affiliates can suggest a strong support network, the closure of one affiliate also underscores the risks inherent in the business. It would be prudent for potential franchisees to inquire about the reasons for the closure of Baya Bar V LLC and what lessons the franchisor has learned from that experience.