For Bor Restoration, what was the amount of revenue recognized during 2023?

According to Bor Restoration's 2024 Franchise Disclosure Document, the revenue recognized during the year 2023 was $4,095,298. This revenue was recognized over time, indicating that Bor Restoration recognizes revenue as services are performed rather than at a single point in time.

For a prospective Bor Restoration franchisee, this figure is an important indicator of the franchisor's financial performance and revenue generation capabilities. It provides insight into the demand for Bor Restoration's services and the overall health of the franchise system. Understanding how revenue is recognized (over time versus at a point) is also crucial for assessing the company's accounting practices.

It's worth noting that the FDD also includes details on deferred revenue, which represents payments received for services not yet performed. Changes in deferred revenue from year to year can further illuminate the company's sales trends and future revenue potential. Reviewing these figures in conjunction with the revenue recognized provides a more complete picture of Bor Restoration's financial status.