What information about former Better Blend franchisees is included in Exhibit H?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
Name, city and state, and current business telephone number, or if unknown, the last known home telephone number of every franchisee who had an outlet terminated, canceled, not renewed, or otherwise voluntarily or involuntarily ceased to do business under the franchise agreement during the most recently completed fiscal year or who have not communicated with us within 10 weeks of the disclosure document issuance date:
None
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 40–43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, Exhibit H lists specific details about former franchisees. This exhibit includes the name, city, and state of each franchisee who has had their outlet terminated, canceled, not renewed, or who otherwise voluntarily or involuntarily ceased operations under the franchise agreement during the most recently completed fiscal year. It also covers franchisees who have not communicated with Better Blend within 10 weeks of the disclosure document issuance date.
In addition to the location information, Exhibit H provides contact details for these former franchisees. Specifically, it includes the current business telephone number, if known. If the business number is not available, the exhibit lists the last known home telephone number. This information is intended to allow prospective franchisees to contact former franchisees and learn about their experiences with the Better Blend franchise system.
However, the document also indicates that for the 2024 FDD, under the section regarding former franchisees, the listing states "None". This means that as of the end of the last fiscal year, there were no franchisees who had an outlet terminated, canceled, not renewed, or otherwise voluntarily or involuntarily ceased to do business under the franchise agreement, or who had not communicated with Better Blend within 10 weeks of the disclosure document issuance date.