What is the name of the person to contact at Baya Bar regarding financial performance?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
ITEM 2: BUSINESS EXPERIENCE
William Loesch – Owner
Baya Bar V LLC, Managing Member, Brooklyn, New York November 13, 2017-Present Baya Bar IV LLC, Managing Member, Staten Island, New York October 23, 2017-Present Baya Bar III LLC, Managing Member, Staten Island, New York August 28, 2017–Present Light Capital Group, Financial Advisor, New York, New York 2013–2016
Matthew Zarrello - Director of Operations
Baya Bar V LLC, Managing Member, Brooklyn, NY November 2017 -Present Baya Bar Mill Basin Inc - Managing Member Brooklyn, NY May 2019 - Present Baya Bar Avenue Z Inc - Managing Member Brooklyn, NY May 2021 - Present Baya Bar Beach 116th Inc Managing Member Rockaway NY May 2022 - Present Baya Bar Garden City Inc Managing Member Garden City NY June 2022 - Present
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 52–53)
What This Means (2024 FDD)
I am unable to identify a specific person to contact at Baya Bar regarding financial performance, according to the 2024 Franchise Disclosure Document. While Item 2 lists William Loesch as an Owner and Matthew Zarrello as Director of Operations, their roles are not explicitly tied to providing financial performance information to prospective franchisees. Item 23 discusses financial statements, audits, and accounting practices, but does not provide a contact person. A list of franchisees is available in Exhibit F.
Given the absence of a designated contact for financial performance inquiries, it is important for potential Baya Bar franchisees to ask the franchisor directly who is best suited to answer detailed questions about the brand's financial performance. This could be someone in the finance department, a franchise development manager, or another executive.
Prospective franchisees should inquire about the specific types of financial information available, such as average store revenue, profitability metrics, and key performance indicators (KPIs). Understanding who to contact and what information they can provide is a crucial step in evaluating the financial viability of a Baya Bar franchise.