According to Bor Restoration's 2024 Franchise Disclosure Document, the revenue recognized during the year 2021 that was included in deferred revenue at the beginning of the year is not specified in the provided excerpts. However, the revenue recognized during the year 2021 was $393,597. The increase in deferred revenue due to cash received during the year was $487,974. The deferred revenue at the end of the year 2021 was $94,377.

Deferred revenue typically represents payments Bor Restoration receives for services or products that have not yet been delivered or earned. This is a common accounting practice, especially in franchise systems where initial franchise fees or ongoing royalties might be paid in advance.

For a prospective Bor Restoration franchisee, understanding deferred revenue is crucial because it reflects the company's financial stability and how it manages its obligations to franchisees. A significant deferred revenue balance could indicate strong future revenue streams, but it also represents a liability that Bor Restoration must fulfill by providing services or products.

It is important to note that the FDD excerpts do not specify the exact nature of the services or products related to the deferred revenue. A prospective franchisee should seek clarification from Bor Restoration regarding the specifics of what constitutes deferred revenue and how it is recognized over time.