How many company-owned Bor Restoration outlets were operating at the end of 2021?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Column 3 Outlets at the Start of the Year | Column 4 Outlets at the end of the Year | Net Changes |
|---|---|---|---|---|
| Franchisee Owned | ||||
| 2021 | 14 | 20 | +6 | |
| 2022 | 20 | 22 | +2 | |
| 2023 | 22 | 50 | +28 | |
| Company-Owned | ||||
| 2021 | 0 | 0 | 0 | |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Total Outlets | ||||
| 2021 | 14 | 20 | +6 | |
| 2022 | 20 | 22 | +2 | |
| 2023 | 22 | 50 | +28 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 36–39)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, at the end of 2021, there were zero company-owned outlets. The provided table, titled "Systemwide Outlet Summary For the Years 2021 through 2023", breaks down the number of franchise-owned and company-owned Bor Restoration outlets.
For prospective franchisees, this indicates that Bor Restoration primarily focuses on a franchise model rather than operating company-owned locations. This could mean that the franchisor's revenue is generated through franchise fees and royalties, aligning their success with the success of their franchisees.
It is important to note that while the franchisor does not operate company-owned locations, this does not necessarily reflect on the potential profitability of a Bor Restoration franchise. Prospective franchisees should still conduct thorough due diligence, including reviewing the financial performance representations in Item 19 of the FDD and speaking with existing franchisees, to assess the viability of the franchise opportunity.