How many Baymont Inn Suites outlets were transferred in Oklahoma during 2023?
Baymont_Inn_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| OK | 2022 | 1 |
| 2023 | 1 | |
| 2024 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION1 (FDD pages 88–96)
What This Means (2025 FDD)
According to Baymont Inn Suites's 2025 Franchise Disclosure Document, there was one transfer of a Baymont Inn Suites location in Oklahoma during 2023. This information is based on the table that tracks the number of transfers by state and year.
Franchise transfers occur when an existing franchisee sells their franchise to a new owner. This can happen for a variety of reasons, such as the franchisee retiring, pursuing other business ventures, or facing financial difficulties. The number of transfers can be an indicator of the health and stability of the franchise system. A high number of transfers may suggest that franchisees are struggling or unhappy, while a low number may indicate a stable and successful system.
For a prospective Baymont Inn Suites franchisee, knowing the number of transfers in a specific state can provide insights into the local market and the experiences of other franchisees in that area. It's important to investigate the reasons behind any transfers to understand the potential challenges and opportunities in the market. Speaking with current and former franchisees in Oklahoma could provide valuable context and help a potential franchisee make an informed decision.