How many company-owned Better Blend outlets were operating at the end of 2022?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
Table 1 Systemwide Outlet Summary For Years 2021 to 2023
| Outlet Type | Year | Outlets at the Start of the Year | Column 4 | Net Change |
|---|---|---|---|---|
| Outlets at the End of the Year | ||||
| Franchised | 2021 | 0 | 0 | 0 |
| 202 |
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, at the end of 2022, there were 3 company-owned outlets. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. This table shows the number of outlets at the start of each year, the number at the end of the year, and the net change in outlets.
Specifically, for 2022, Better Blend started the year with 3 company-owned outlets. During 2022, there were no changes in the number of company-owned outlets, resulting in 3 company-owned outlets at the end of the year. This indicates that Better Blend did not open or close any company-owned locations during that year.
This information is valuable for prospective franchisees as it provides insight into the operational trends of company-owned stores. A consistent number of company-owned stores, as seen in 2022 and 2023, might suggest a stable business model or a strategic decision to focus on franchise growth rather than expanding company-owned operations. Franchisees may want to inquire about the performance metrics of these company-owned stores to gauge the potential profitability and operational strategies they could implement in their own franchises.