How many Bor Restoration franchises opened in Arizona during 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 franchises opened in Arizona during 2021. The table provided in Item 20 of the FDD outlines the status of franchised outlets for the years 2021 through 2023. In 2021, there were two Bor Restoration franchises operating in Arizona at the start of the year, and zero new franchises were opened. There were also no terminations, non-renewals or re acquisitions by the franchisor. At the end of 2021, there were still two franchises operating in Arizona.
For a prospective franchisee, this data indicates the growth and stability of Bor Restoration franchises in Arizona. The fact that no new franchises opened in 2021, but no franchises closed either, could suggest a stable market presence. It's important to note that while no new franchises opened, the existing ones maintained their operations.
This information is valuable for potential franchisees as it provides a historical overview of franchise activity in a specific state. Reviewing this data over several years can reveal trends and patterns that may influence a franchisee's decision. It is also important to consider this information in conjunction with other factors, such as market demand and local economic conditions, to gain a comprehensive understanding of the franchise opportunity.