What was the net change in the number of company-owned Baya Bar outlets during the year 2023?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
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ITEM 20 OUTLETS AND FRANCHISEE INFORMATION
Table No. 1 Systemwide Outlet Summary For years 2021 to 2023
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
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, the net change in the number of company-owned outlets during 2023 was 0. The FDD provides a systemwide outlet summary that includes both franchised and company-owned locations. For company-owned Baya Bar locations, the number of outlets at the start of 2023 was 3, and the number at the end of 2023 remained at 3.
This indicates that Baya Bar did not open or close any company-owned stores during the 2023 fiscal year. All of the company-owned Baya Bar outlets are owned and operated by affiliates of the company.
For a prospective franchisee, this data point provides insight into Baya Bar's growth strategy, which appears to be focused on expanding through franchising rather than investing in company-owned locations. This may suggest that Baya Bar is more interested in collecting franchise fees and royalties than directly managing and growing its own retail footprint.