What was the total number of Baya Bar outlets at the start of 2023?
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, at the start of 2023, there were a total of 20 Baya Bar outlets. This number includes both franchised and company-owned locations. Specifically, there were 17 franchised outlets and 3 company-owned outlets at the beginning of 2023.
This information is crucial for potential franchisees as it provides a snapshot of the brand's footprint and growth trajectory. Knowing the number of existing outlets can help in assessing market saturation and the potential for new locations. It also gives insight into the balance between franchised and company-owned stores, which can reflect the franchisor's strategy and investment in the brand.
Furthermore, the FDD provides a breakdown of outlet changes over the years, including openings and closures. Reviewing these trends alongside the total outlet numbers can offer a more comprehensive understanding of the brand's performance and stability. A prospective franchisee should analyze these figures to evaluate the overall health and expansion of the Baya Bar franchise system.