How many Bor Restoration franchisee-owned outlets were operating at the start 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 14 franchisee-owned outlets operating at the start of 2021. By the end of 2021, this number increased to 20, showing a net change of +6 outlets during that year.
This information is crucial for potential franchisees as it provides a snapshot of the brand's growth and the prevalence of franchisee-owned businesses within the Bor Restoration system. Observing the number of outlets at the beginning of the year helps to understand the initial scale of the franchise network.
The increase of 6 franchisee-owned outlets during 2021 indicates a positive growth trajectory for Bor Restoration. This suggests that the franchise model is attractive to entrepreneurs and that existing franchisees may be expanding their operations. Prospective franchisees can use this data to assess the stability and potential of the Bor Restoration franchise system.
It's important to note that while the number of outlets provides a general overview, further research into the performance and success rates of these outlets would offer a more comprehensive understanding of the franchise opportunity. Reviewing the growth in subsequent years (2022 and 2023) can also provide insights into the sustainability of this growth.