What was the total number of Better Blend outlets at the end of 2021?
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 |
| 2022 | 0 | 0 | 0 | |
| 2023 |
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, at the end of 2021, there were a total of 3 outlets. This total comprises both franchised and company-owned locations. Specifically, there were zero franchised outlets and three company-owned outlets.
To understand the changes during 2021, it's important to note that Better Blend started the year with 2 total outlets. During the year, one company-owned outlet was added, resulting in the net increase of one outlet and bringing the total to 3 by the end of 2021. There were no franchised outlets at the beginning of 2021, and no new franchised outlets were opened during that year.
Prospective franchisees should pay close attention to these figures as they provide a snapshot of Better Blend's growth and composition of company-owned versus franchised locations. Understanding the historical data can help in assessing the brand's development trajectory and potential market penetration strategies.