When did Bor Restoration begin franchising?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
We are a Colorado limited liability company that was formed on January 10, 2018. We also do business under the name "B.O.R," "BOR," and "Best Option Restoration." Our principal business address is 8200 Southpark Circle, Suite 300, Littleton, CO 80120, 720-204-2095. We have been franchising since January of 2018. We do not operate a business of the type being offered here. We do not offer franchises in this line of business and do not have another line of business.
Source: Item 1 — The Franchisor and any Parents, Predecessors, and Affiliates (FDD pages 8–9)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, the company has been franchising since January 2018. This means that as of the FDD publication date, Bor Restoration has approximately six years of experience in franchising.
For a prospective franchisee, this indicates that Bor Restoration is a relatively young franchise system. While not a brand new concept, it also doesn't have decades of established history like some older franchise brands. This could present both opportunities and risks.
On one hand, a newer franchise system like Bor Restoration might be more open to franchisee input and adapting its model. On the other hand, there may be less data and history to evaluate the long-term success and stability of the franchise system compared to more established brands. Potential franchisees should carefully consider the implications of joining a franchise with this level of experience and conduct thorough due diligence.