How many Bor Restoration franchises in Arizona were terminated 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 franchise terminations 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, showing that the number of Bor Restoration franchises in Arizona remained stable, with no terminations reported in 2021.
Specifically, the table indicates that Arizona had two franchises at the start of 2021, zero franchises opened during the year, and zero terminations. This resulted in two franchises at the end of the year. This information is crucial for potential franchisees as it provides insight into the stability and performance of existing franchises within specific regions.
Reviewing franchise termination rates is a standard practice when evaluating a franchise opportunity. A history of frequent terminations can be a red flag, suggesting potential issues with the franchise system, franchisee support, or overall profitability. In Bor Restoration's case, the absence of terminations in Arizona for 2021 could be seen as a positive indicator of franchise stability in that market.