What was the net change in the number of franchised Baya Bar outlets during 2022?
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, the net change in the number of franchised outlets during 2022 was an increase of 5 locations. At the start of 2022, there were 12 franchised Baya Bar outlets, and by the end of the year, this number had grown to 17. This growth indicates a positive trend in the expansion of Baya Bar's franchise network.
For a prospective franchisee, this information suggests that Baya Bar is an expanding franchise system. The increase in franchised outlets could be a sign of a healthy and attractive business model. However, it is important to consider this data in conjunction with other factors, such as the performance of existing outlets and the overall financial health of the franchise.
It is also worth noting that the FDD provides data on company-owned outlets and total outlets, in addition to franchised locations. In 2022, the number of company-owned Baya Bar locations remained constant at 3. The total number of Baya Bar outlets (both franchised and company-owned) increased from 15 to 20 during 2022. This comprehensive overview helps potential franchisees understand the overall growth and composition of the Baya Bar system.