For a Bor Restoration franchisee, what is the definition of 'BOR Software Suite'?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
"BOR Software Suite" means our proprietary suite of software preinstalled on the Tablet and containing estimating software and client relationship management (CRM) software.
"BOR Software Suite Initial License Fee" means the then-current initial fee you will pay us to activate the BOR Software Suite.
"BOR Software Suite Monthly License Fee" means the then-current monthly license fee you pay us to maintain your access to the BOR Software Suite.
Source: Item 23 — Receipts (FDD pages 40–202)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, the 'BOR Software Suite' is defined as the franchisor's proprietary suite of software. This software comes preinstalled on a tablet provided to the franchisee.
The BOR Software Suite includes estimating software, which is crucial for providing quotes and managing project costs. It also includes client relationship management (CRM) software, which helps franchisees manage customer interactions, track leads, and maintain customer relationships.
As part of the initial setup, franchisees must purchase the BOR Software Suite by paying the BOR Software Suite Initial License Fee. Franchisees are also obligated to pay a BOR Software Suite Monthly License Fee to maintain access to the software. Bor Restoration retains the right to increase this monthly license fee, provided they give franchisees at least 60 days' prior written notice.