How many Bor Restoration franchises in Arizona were non-renewed in 2021?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Column 2 Year | Column 3 Franchises at the Start of the Year | Franchises Opened | Terminations | Non- renewals | Reacquired by Franchisor | Column 8 Ceased Operation - other reasons | End of the Year |
|---|---|---|---|---|---|---|---|---|
| Arizona | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
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 no non-renewals of franchises in Arizona during 2021. The provided table in Item 20 of the FDD details the status of franchised outlets for the years 2021 through 2023.
Specifically, for Arizona in 2021, the table indicates that there were two franchises at the start of the year, zero franchises opened, zero terminations, zero non-renewals, zero re acquisitions by the franchisor, and zero ceased operations for other reasons, resulting in two franchises at the end of the year. This data point is important for potential franchisees to consider as it reflects the stability and health of existing franchises within the Bor Restoration system.
Non-renewal rates can be an indicator of franchisee satisfaction or the overall performance of the franchise model in a particular region. The absence of non-renewals in Arizona for 2021 suggests that franchisees were content with their agreements and chose to continue operating under the Bor Restoration brand. This information, combined with data from other states and years, can help prospective franchisees assess the risks and opportunities associated with investing in a Bor Restoration franchise.