What was the total number of Better Blend outlets at the start 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 start of 2022, there were a total of 3 outlets. This total is comprised of both franchised and company-owned locations. Specifically, there were 0 franchised outlets and 3 company-owned outlets at the beginning of 2022.
This information is crucial for potential franchisees as it provides a snapshot of the brand's growth trajectory and market presence. Understanding the distribution between franchised and company-owned outlets can offer insights into Better Blend's strategic approach to expansion and its commitment to supporting franchisees.
Reviewing the historical data on outlet numbers helps prospective franchisees assess the stability and maturity of the Better Blend franchise system. It's important to note that while the total number of outlets remained constant from the start to the end of 2022, further investigation into the reasons behind this stability could be beneficial for making an informed investment decision.