Does Better Blend consider the Franchisee's business skill and financial capacity when entering into the Franchise Agreement?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
5.2 Pre-Opening Assistance.
- (d) Business Plan Review. If requested by Franchisee, BBF shall review and advise on Franchisee's pre-opening business plan and financial projections. Franchisee acknowledges that BBF accepts no responsibility for the performance of the Business.
- (e) Pre-Opening Training. BBF shall make available its standard pre-opening training to the Principal Executive and up to three other employees, at BBF's headquarters and/or at a Better Blend business designated by BBF. BBF shall not charge any fee for this training. Franchisee is responsible for its own travel, lodging, meal, and other out-of-pocket expenses. BBF reserves the right to vary the length and content of the initial training program based on the experience and skill level of any individual attending the program.
Source: Item 22 — CONTRACTS (FDD page 43)
What This Means (2024 FDD)
Based on the 2024 Better Blend Franchise Disclosure Document, while there is no explicit mention of Better Blend formally evaluating a franchisee's business skills or financial capacity as part of the agreement, Better Blend does offer assistance that implies some level of assessment.
Specifically, Better Blend provides pre-opening assistance that includes reviewing and advising on the franchisee's business plan and financial projections, if requested. This suggests that Better Blend is interested in the franchisee's preparedness and planning. However, the FDD explicitly states that "BBF accepts no responsibility for the performance of the Business," which indicates that the ultimate success of the franchise lies with the franchisee.
In addition, Better Blend offers pre-opening training to the Principal Executive and up to three other employees, and reserves the right to vary the length and content of the initial training program based on the experience and skill level of any individual attending the program. This implies that Better Blend acknowledges the importance of the franchisee's capabilities and tailors training accordingly. Prospective franchisees should directly ask Better Blend about the specific criteria and processes used to assess a franchisee's suitability.