How many Bor Restoration company-owned outlets were operating at the end of 2022?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
ORMATION**
Table No. 1 Systemwide Outlet Summary For the Years 2021 through 2023
| 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 | |
| Compa |
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 2022, there were zero company-owned outlets. The provided table in Item 20 of the FDD details the number of franchisee-owned and company-owned Bor Restoration outlets from 2021 through 2023.
Specifically, for the year 2022, the table indicates that Bor Restoration had zero company-owned outlets at the start of the year, zero net changes during the year, and therefore zero company-owned outlets at the end of the year. This suggests that Bor Restoration focuses primarily on a franchise model rather than operating company-owned locations.
Prospective franchisees should note that Bor Restoration's business model appears to be heavily reliant on franchisees. This may mean that franchisees receive more support and attention from the franchisor, as the franchisor's revenue is directly tied to the success of its franchisees. However, it also means that franchisees may not be able to rely on the franchisor's experience in operating their own outlets, as Bor Restoration does not operate any company-owned locations.