How many Bor Restoration franchises opened in 2021?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Column 2 Year | 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 |
|---|---|---|---|---|---|---|---|---|
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | |
| Maryland | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Michigan | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | |
| Minnesota | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Nevada | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| New | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| Jersey | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| North | 2021 | 2 | 1 | 0 | 0 | 0 | 0 | 3 |
| Carolina | 2022 | 3 | 0 | 1 | 0 | 0 | 0 | 2 |
| 011 | 2023 | 2 | 3 | 1 | 0 | 0 | 0 | 5 |
| Ohio | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Ollebana | 2023 | 1 | 2 | 0 | 0 | 0 | 0 | 3 |
| Oklahoma | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 2 | 0 | 0 | 0 | 0 | 0 | |
| South | 2023 2021 | 0 | 0 | 0 | 0 | 0 | 2 | |
| South | 2021 | - | 0 | 0 | 0 | 0 | 1 | |
| Carolina | ||||||||
| Caronna | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 1 |
| Tennessee | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 6111163566 | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | |
| Texas | 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 1 CAAS | 2021 | 1 | 2 | 0 | 0 | 0 | 0 | 3 |
| 2023 | 3 | 6 | 0 | 0 | 0 | 0 | 9 | |
| Utah | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| Can | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Totals | 2020 | 1 | 1 3 | 1 | I | |||
| 1 0 4413 | 2021 | 14 | 7 | 1 | 0 | 0 | 0 | 20 |
| 2022 | 20 | 4 | 1 | 0 | 0 | 1 | 22 | |
| 2023 | 22 | 30 | 0 | 0 | 0 | 2 | 50 |
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, a total of 7 franchises opened in 2021. The data is broken down by state. For example, in Colorado, 1 franchise opened, while in New Jersey and Ohio, 1 franchise each opened. In North Carolina, 1 franchise opened, in Texas 2 franchises opened, and in Utah 1 franchise opened.
It is important to note that the success of a franchise is not solely dependent on the year it opened. Other factors, such as location, management, and market conditions, can also play a significant role. Prospective franchisees should carefully consider all of these factors before making a decision.
This information is valuable for potential Bor Restoration franchisees as it provides insight into the brand's growth and expansion over the years. Reviewing the number of franchises opened each year can help assess the brand's momentum and market penetration. However, it's crucial to consider this data in conjunction with other factors, such as terminations and non-renewals, to get a comprehensive understanding of the franchise system's health and stability.