What was the total number of Better Blend outlets at the end of 2022?
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, at the end of 2022, there were a total of 3 outlets. This total is comprised of company-owned outlets, as there were zero franchised outlets at that time.
Specifically, the FDD provides a breakdown of the changes in the number of both franchised and company-owned Better Blend outlets from 2021 to 2023. For company-owned stores, the number remained constant in 2022, starting with 3 and ending the year with 3.
This information is crucial for potential franchisees as it provides insight into the growth and composition of the Better Blend system. The fact that all outlets were company-owned in 2022 suggests that the franchise system was still in its early stages. A prospective franchisee should further investigate Better Blend's strategic plans for expanding the franchise network and the support provided to new franchisees.