What was the net change in the number of company-owned Better Blend outlets during 2022?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
Table 1 Systemwide Outlet Summary For Years 2021 to 2023
| 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 |
| 202 |
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, the net change in the number of company-owned outlets during 2022 was 0. This means that the number of company-owned Better Blend locations remained the same throughout the year. At the start of 2022, there were 3 company-owned outlets, and by the end of the year, the number remained at 3.
This stability in company-owned locations could indicate a strategic decision by Better Blend to maintain its corporate presence without expansion or contraction during that period. For a potential franchisee, this information provides insight into the company's growth strategy and its approach to managing its own outlets versus franchised locations.
It's important to note that while the number of company-owned stores remained constant, the franchised outlets also reported a net change of 0 in 2022. This suggests that the Better Blend system as a whole experienced a period of equilibrium in terms of outlet numbers during that year. A prospective franchisee may want to inquire about the reasons behind this stability and whether it reflects broader trends within the company or the market.