How many Better Blend outlets closed in Kentucky during 2023?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at the Start of the Year | Outlets Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| 2021 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Kentucky | 2022 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 |
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 no outlet closures in Kentucky during 2023. The provided table in Item 20 of the FDD details the status of outlets, showing that in 2023, Kentucky had one outlet at the start of the year and one at the end of the year, with zero outlets closed. This suggests stability in the Kentucky market for Better Blend during that period.
For a prospective franchisee, this information indicates that the existing Better Blend location in Kentucky remained operational throughout 2023. While this single data point doesn't guarantee future success, it can be seen as a positive sign, suggesting that the location was able to sustain its business. It is important to note that this data only reflects one year and one location, so further investigation into the market dynamics and the performance of that specific outlet would be beneficial.
It's also worth noting that while no outlets closed, no new outlets opened in Kentucky during 2023 either, according to the table. This could indicate a period of consolidation or a strategic decision not to expand in that particular market during that year. A potential franchisee should inquire about Better Blend's future development plans for Kentucky to understand the brand's vision for the area.
Overall, the absence of closures in Kentucky during 2023 is a neutral to slightly positive indicator. However, a comprehensive understanding requires considering other factors such as sales performance, local market conditions, and the franchisor's strategic plans for the region. Prospective franchisees should engage in thorough due diligence to assess the overall viability of a Better Blend franchise in Kentucky.