How many Better Blend company-owned locations were included in the 2023 Summary Profit Statements?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
07,119 | $39,703 | $73,153 | 1 (33%) | | | | |
Notes:
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- Table 1 shows summary financial performance for the three Better Blend businesses operated by our affiliates for calendar year 2023. These were the only three locations operating during this period. This information is a historic financial performance representation. It is not a projection of future performance.
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- The Florence, KY, store opened in 2018. It is in a suburban shopping center. The downtown Cincinnati, OH store opened in 2020. It is an urban area targeted at workers as well as residents. The Clifton, OH store opened in 2021; it is near the University of Cincinnati and its customers are mostly students and employees from the University.
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- "Sales" means the total revenue derived from the sale of goods or services, before discounts. It does not include sales taxes.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 38–40)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the summary profit statements for 2023 include data from three company-owned locations. These locations were the only three operating during that period, and their financial performance is presented as a historic financial performance representation. This means that the data reflects past performance and is not a guarantee or projection of future results for franchisees.
The three Better Blend locations included in the financial performance representation are in Florence, KY; downtown Cincinnati, OH; and Clifton, OH. Each location has unique characteristics: the Florence store is in a suburban shopping center, the Cincinnati store targets workers and residents in an urban area, and the Clifton store is near the University of Cincinnati, catering mainly to students and university employees. These differences in location and customer base likely contribute to variations in financial performance among the three stores.
Prospective franchisees should consider that the financial results of these three company-owned locations may not be indicative of the performance they can expect from their own franchised Better Blend business. The FDD explicitly states that individual results may differ and there is no assurance of achieving similar sales or earnings. It is important for potential franchisees to carefully review the detailed financial information provided in Item 19 and conduct their own due diligence, including market research and financial planning, to assess the viability of a Better Blend franchise in their specific location.