factual

What are the criteria for franchisees to be on the Bor Restoration franchisee advisory council?

Bor_Restoration Franchise · 2024 FDD

Answer from 2024 FDD Document

There will be a franchisee advisory council. The council will be made up of between three and five current franchisees, each of whom is in the top 10% of franchisees in terms of Gross Sales. The council will have advisory powers only. We have the power to form, change, dissolve, and then reinstate the council at any time.

Source: Item 11 — (FDD pages 22–28)

What This Means (2024 FDD)

According to Bor Restoration's 2024 Franchise Disclosure Document, the franchisee advisory council will consist of between three and five current franchisees. To be eligible for the council, a franchisee must be in the top 10% of all Bor Restoration franchisees based on Gross Sales.

The council's role is purely advisory, meaning it can offer suggestions and feedback to Bor Restoration, but the franchisor is not obligated to follow its recommendations. Bor Restoration retains the authority to form, change, dissolve, or reinstate the council at any time, indicating that the franchisor has ultimate control over the council's existence and composition.

This type of council is a fairly common feature in franchising, intended to provide a channel for franchisee input and improve communication between the franchisor and its franchisees. However, the limited size of the council and the Gross Sales criteria for membership may mean that only a small segment of franchisees is represented. Prospective franchisees should consider how this council operates and whether it effectively represents the interests of the broader franchisee community.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.