For the Better Blend financial performance representation, what calendar year does the data cover?

According to Better Blend's 2024 Franchise Disclosure Document, the financial performance representation in Table 1 covers the calendar year 2023. The table provides a summary of the financial performance for the three Better Blend businesses operated by the franchisor's affiliates. Better Blend states that these were the only three locations operating during this period.

Better Blend explicitly notes that this financial information is a historic representation and should not be considered a projection of future performance. The FDD highlights that individual results may vary, and there is no guarantee that a franchisee will achieve similar sales or earnings. This is a standard disclaimer in franchise FDDs, as a franchisee's success depends on various factors, including location, management skills, and local market conditions.

The financial performance data includes key metrics such as Sales, Cost of Goods Sold, Labor Cost, Gross Rent, and Net Profit (EBITDA). These figures provide prospective franchisees with insights into the revenue and expenses associated with operating a Better Blend location. The FDD also provides definitions for each of these metrics to ensure clarity and consistency in reporting. For example, "Sales" is defined as the total revenue from goods and services, excluding sales taxes and gift card sales (but including gift card redemptions).

Prospective franchisees should carefully review the financial performance representation and consider it in conjunction with other information in the FDD, as well as their own market research and due diligence. It is also advisable to speak with existing Better Blend franchisees to gain further insights into their experiences and financial performance.