How many Bor Restoration franchisee-owned 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, there were 20 franchisee-owned outlets operating at the end of 2021. This is based on the Systemwide Outlet Summary, which tracks the number of franchisee-owned and company-owned outlets over the previous three years.
For a prospective Bor Restoration franchisee, this indicates the growth and current scale of the franchise system. The number of franchisee-owned outlets increased by 6 during 2021, suggesting a positive trend in franchise expansion. Reviewing these figures over several years, as presented in the table, can provide insights into the stability and growth trajectory of the Bor Restoration franchise system.
It's important to note that these figures represent the total number of operating outlets and do not provide details on individual outlet performance or closures. Further research into the reasons for outlet changes, such as terminations or non-renewals, would give a more complete picture of the franchise's health. A prospective franchisee should also inquire about the geographic distribution of these outlets to understand market saturation in specific areas.