How many Better Blend outlets in Ohio were sold to franchisees in 2021?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
| Table 4 Status of Company-Owned Outlets For Years 2021 to 2023
| 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 |
| 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 | 1 | 0 | 0 | 0 | 2 | |
| Ohio | 2022 | 2 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2021 | 2 | 1 | 0 | 0 | 0 | 3 |
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 zero outlets in Ohio sold to franchisees in 2021, according to one table. Another table shows that there were zero outlets at the start of the year, and zero at the end of the year.
This information is crucial for potential franchisees as it provides insight into the brand's growth strategy, specifically whether Better Blend focuses on corporate-owned stores or actively promotes franchise resales. A high number of resales might indicate a healthy market for existing franchises, while a low number could suggest limited opportunities or challenges in transferring ownership.
Prospective franchisees should further investigate the reasons behind the lack of resales. It could be due to high franchisee satisfaction, strict transfer requirements, or simply the early stage of the franchise in Ohio. Understanding these factors will help in assessing the long-term viability and potential return on investment of a Better Blend franchise.