How many franchised Better Blend outlets were operating at the end of 2023?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 4 | +4 |
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, there were 4 franchised outlets operating at the end of 2023. At the start of 2023, there were no franchised outlets. During 2023, 4 new franchised Better Blend outlets opened, resulting in a total of 4 operating franchised outlets by the end of the year.
Specifically, two Better Blend franchises opened in Kentucky and two opened in Ohio during 2023. This indicates that Better Blend is beginning to expand its franchise network, with initial growth concentrated in these two states.
A prospective franchisee should note that while the number of franchised outlets is currently small, the company-owned outlets remained constant at three from 2022 to 2023. This could suggest a more cautious approach to franchising, with a focus on company-owned operations, or it could simply reflect the early stage of the franchise system.