What was the total number of Baya Bar outlets at the end of 2023 across all states?
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 total number of outlets at the end of 2023 was 26. This total includes both franchised and company-owned outlets. Of these 26 outlets, 23 were franchised and 3 were company-owned.
Over the course of 2023, Baya Bar saw a net increase of 6 outlets. This growth came from an increase of 6 franchised locations, while the number of company-owned stores remained constant. This indicates that Baya Bar's growth strategy is focused on expanding through franchising rather than corporate-owned stores.
Prospective franchisees should note that while the total number of Baya Bar locations increased, the rate of growth has fluctuated. In 2022, the net increase was 5 outlets, compared to 6 in 2023. Reviewing the performance of existing franchises and understanding the factors that contribute to successful openings will be crucial for anyone considering investing in a Baya Bar franchise.