What was the total number of Baya Bar franchise terminations across all states in 2023?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opene d | Termina -tions | Non Renewal s | Reacquired by Franchisor | Ceased Operations – Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Louisiana | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Nevada | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| New York | 2021 | 4 | 5 | 0 | 0 | 0 | 0 | 9 |
| 2022 | 9 | 5 | 0 | 0 | 0 | 0 | 14 | |
| 2023 | 14 | 6 | 0 | 0 | 0 | 0 | 20 | |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Utah | 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Total | 2021 | 7 | 5 | 0 | 0 | 0 | 0 | 12 |
| 2022 | 12 | 7 | 1 | 0 | 0 | 0 | 17 | |
| 2023 | 17 | 6 | 0 | 0 | 0 | 0 | 23 |
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 no franchise terminations in 2023. The provided table in Item 20 outlines the status of franchised outlets from 2021 to 2023, showing the number of terminations for each state.
Specifically, for the year 2023, the table indicates that in Louisiana, Nevada, and New York there were '0' terminations. Looking at the 'Total' row in the table, the 'Terminations' column shows a '0' for 2023. This means that across all states where Baya Bar had franchise operations, there were no franchise agreements terminated during that year.
This information is crucial for potential franchisees as it can indicate the stability and success of existing franchise locations. A history of few or no terminations might suggest a healthy relationship between Baya Bar and its franchisees. However, it is important to consider other factors, such as the number of outlets opened and closed for other reasons, to get a complete picture of the franchise system's health.