How many Bor Restoration franchisee-owned outlets were operating at the start of 2023?

According to Bor Restoration's 2024 Franchise Disclosure Document, there were 22 franchisee-owned outlets operating at the start of 2023. This number is based on data the franchisor collected regarding the number of outlets operating at the beginning of each year. The FDD also indicates that the number of franchisee-owned Bor Restoration locations increased significantly during 2023, ending the year with a total of 50 locations. This represents a net increase of 28 franchisee-owned outlets over the course of the year.

For a prospective franchisee, this information indicates a period of growth for Bor Restoration. The increase in franchisee-owned locations suggests that the brand is expanding and that franchisees are finding success with the business model. However, it's important to note that past performance is not indicative of future results, and prospective franchisees should conduct their own due diligence to determine the viability of the franchise opportunity.

It is also worth noting that Bor Restoration does not operate any company-owned outlets, according to the table. This means that the brand's growth is entirely dependent on the success of its franchisees. This can be a positive thing, as it aligns the franchisor's interests with those of its franchisees. However, it also means that the franchisor is more reliant on its franchisees to maintain brand standards and provide quality service.