How many Bor Restoration franchises in Arizona were terminated in 2022?
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 |
| 2022 | 2 | 1 | 0 | 0 | 0 | 1 | 2 | |
| 2023 | 2 | 1 | 0 | 0 | 0 | 1 | 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 terminations of Bor Restoration franchises in Arizona during 2022. The provided table outlines the status of franchises, including terminations, across various states and years.
Specifically, for Arizona in 2022, the table indicates that there were two franchises at the start of the year, one franchise opened, and zero terminations. One franchise ceased operation for other reasons, leaving 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 Bor Restoration franchises in specific regions. A low number of terminations can be seen as a positive indicator, suggesting that franchisees are generally successful and satisfied with the Bor Restoration system.