What was the net change in the number of franchised Better Blend outlets during 2023?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 4 | +4 | |
| Company-Owned | 2021 | 2 | 3 | +1 |
| 2022 | 3 | 3 | 0 | |
| 2023 | 3 | 3 | 0 | |
| Total Outlets | 2021 | 2 | 3 | +1 |
| 2022 | 3 | 3 | 0 | |
| 2023 | 3 | 7 | +4 |
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 franchised outlets during 2023 was an increase of 4 locations. At the start of 2023, there were zero franchised Better Blend locations. By the end of 2023, this number had increased to 4.
This indicates that Better Blend is a relatively new franchise system or is in a growth phase regarding its franchised locations. The FDD also indicates that the company-owned stores remained constant at 3 locations during 2023.
A prospective franchisee should further investigate the reasons behind this growth, the performance of these new franchises, and the overall support provided to new franchisees to ensure a clear understanding of the franchise's growth trajectory and stability.