How many total Better Blend outlets were reacquired from franchisees in 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 | 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 | |
| Totals | 2022 | 3 | 0 | 0 | 0 | 0 | 3 |
| 2023 | 3 | 0 | 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 reacquired from franchisees in 2023. This data is reflected in multiple tables within Item 20, specifically those detailing outlet information by state and system-wide summaries. The tables consistently show '0' for 'Outlets Reacquired from Franchisee' in 2023 for both Kentucky and Ohio, as well as in the overall totals.
This indicates that Better Blend did not repurchase any franchise locations during that year. For a potential franchisee, this could suggest stability in the franchise system, as re acquisitions can sometimes signal underperforming locations or disputes between the franchisor and franchisees. However, it is essential to consider this information in conjunction with other factors, such as the number of terminations or non-renewals, to get a comprehensive understanding of the franchise network's health.
While a lack of re acquisitions can be a positive sign, prospective franchisees should still investigate the reasons behind any franchise closures or transfers. Understanding the full context of outlet changes, including communication with current and former franchisees, is crucial for making an informed investment decision. This information, combined with the data presented in Item 20, will provide a more complete picture of the Better Blend franchise system's dynamics.