How many Bor Restoration franchises ceased operation for other reasons 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, the total number of franchises that ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor in 2022 was one. Specifically, in Arizona, one Bor Restoration franchise ceased operations for other reasons in 2022.
It is important to note that the category 'ceased operation - other reasons' can be broad and may include situations such as the franchise closing due to poor performance, franchisee health issues, or other unforeseen circumstances that do not fall under the typical categories of termination or non-renewal.
Prospective franchisees should inquire with Bor Restoration about the specific reasons for closures in this category to gain a better understanding of the factors that can impact a franchise's viability. Understanding these reasons can help a potential franchisee assess the risks and opportunities associated with investing in a Bor Restoration franchise.