Does Better Blend consider universities to be 'Limited Access Venues'?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
- "Limited Access Venue" means a venue that primarily serves the customers located within a facility, such as enclosed shopping centers, universities, churches and other religious institutions, sports stadiums, amusement parks, airports, transportation centers, hospitals, military complexes, and restricted business complexes.
Source: Item 22 — CONTRACTS (FDD page 43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, universities are considered to be 'Limited Access Venues'.
The FDD defines a 'Limited Access Venue' as a location that primarily serves customers within a specific facility. The document specifically lists universities as an example of such a venue, alongside enclosed shopping centers, churches and other religious institutions, sports stadiums, amusement parks, airports, transportation centers, hospitals, military complexes, and restricted business complexes.
This definition is important for prospective franchisees because Better Blend retains the right to establish or license other Better Blend businesses in Limited Access Venues, even within a franchisee's protected territory. This means that a franchisee's exclusive territory may not apply to locations within a university campus or other similar venues, which could lead to competition from other Better Blend locations.
Therefore, a franchisee might find another Better Blend location operating within their territory if that location is within a 'Limited Access Venue' such as a university. This is a key consideration for potential franchisees when evaluating the market and location for their Better Blend business.