factual

How many Better Blend franchisees were operational as of December 31, 2022?

Better_Blend Franchise · 2024 FDD

Answer from 2024 FDD Document

The Company had three franchisees under contract but none were operational as of December 31, 2022.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)

What This Means (2024 FDD)

According to Better Blend's 2024 Franchise Disclosure Document, as of December 31, 2022, none of the Better Blend franchise locations were operational. The company had three franchisees under contract at that time, but none had yet opened for business.

This indicates that Better Blend was a very new franchise system at the end of 2022. For a prospective franchisee, this could represent both an opportunity and a risk. The opportunity lies in potentially getting in on the ground floor of a growing brand. The risk is that there is limited operating history to evaluate the franchise's performance and support systems.

By December 31, 2023, Better Blend had ten franchisees under contract, with four of those locations operational. This demonstrates growth in the number of franchisees and operational locations within one year. A prospective franchisee should inquire about the performance of these initial locations and the support provided to them to better understand the potential of the Better Blend franchise system.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.