factual

What is the current monthly Technology fee for a Bor Restoration franchise?

Q: What is the current monthly Technology fee for a Bor Restoration franchise?

- 4. You must pay the then-current monthly BOR Software Suite License Fee. We may increase the BOR Software Suite License Fee at any time and in any amount after first giving you no less than 60 days prior written notice before any such increase. Source: Item 6 — Other Fees (FDD pages 10–15)

Bor_Restoration Franchise · 2024 FDD

Answer from 2024 FDD Document

1. You must pay the then-current monthly BOR Software Suite License Fee. We may increase the BOR Software Suite License Fee at any time and in any amount after first giving you no less than 60 days prior written notice before any such increase.

Source: Item 6 — Other Fees (FDD pages 10–15)

What This Means (2024 FDD)

According to Bor Restoration's 2024 Franchise Disclosure Document, franchisees must pay the then-current monthly BOR Software Suite License Fee. The FDD states that Bor Restoration may increase this fee at any time and in any amount. However, Bor Restoration will provide no less than 60 days prior written notice before any such increase.

While the FDD mentions the BOR Software Suite License Fee, it does not specify the current amount of this fee.

A prospective Bor Restoration franchisee should ask the franchisor for the current amount of the BOR Software Suite License Fee and clarify how often and by how much this fee has increased in the past.

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.

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