What was the accumulated deficit for Better Blend as of December 31, 2022?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
| Ac | ccumulated Deficit | Total | |
|---|---|---|---|
| Member's deficit, December 31, 2022 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the accumulated deficit as of December 31, 2022, was $(105,205). This means that the company's retained earnings had a negative balance of $105,205 at the end of 2022.
In 2023, Better Blend experienced a net loss of $(307,811). This loss further increased the accumulated deficit.
By December 31, 2023, the accumulated deficit had grown to $(413,016). This represents the total cumulative losses of the company since its inception, offset by any profits it may have earned. For a prospective franchisee, this indicates that Better Blend was operating at a loss during these periods, which could be a point of consideration when evaluating the financial stability and potential risks associated with investing in the franchise.