What must a Bor Restoration franchisee do once notified of a new standard or specification?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
We may issue new standards and specifications through written notices. Once you are notified, you must make the specified change.
We have the right, in our sole discretion, to vary required purchases, standards, or specifications based upon a franchisee's qualifications, special circumstances, the demographics of a particular territory (Item 12), business potential, or any other condition which we deem to be of importance to the successful operation of any particular Business. We may also modify any specification as to any good, service, supply, fixture, equipment, inventory, computer hardware, software supplier, or the like at any time and on a local, regional, or national basis. We will not be required to disclose or grant you a similar variance. We may change approved vendors at any time.
Source: Item 8 — (FDD pages 18–21)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, franchisees are required to implement changes to meet new standards or specifications once they receive notification from Bor Restoration. These standards and specifications cover various aspects of the business, including service delivery, operational procedures, performance criteria, and required purchases. Bor Restoration communicates these standards through training, pre-opening guidance, periodic business visits, franchisee manuals, and written notices.
Bor Restoration retains the discretion to modify required purchases, standards, or specifications based on individual franchisee qualifications, specific circumstances, territory demographics (as detailed in Item 12), business potential, or any other condition deemed important for the business's success. These modifications can be applied locally, regionally, or nationally and may affect goods, services, supplies, fixtures, equipment, inventory, computer hardware, software suppliers, or similar items. Bor Restoration is not obligated to offer similar variances to all franchisees and can change approved vendors at any time.
This requirement means that Bor Restoration franchisees must stay informed of any updates or changes communicated by the franchisor and promptly implement them to maintain compliance with the Bor Restoration system. Failure to comply with these changes could potentially lead to a breach of the franchise agreement. Franchisees should be prepared to adapt their business practices and potentially incur costs associated with meeting new standards or purchasing required goods and services.