How many Bor Restoration franchises opened in Arizona during 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 was one franchise opened in Arizona during 2022. At the start of 2022, there were two Bor Restoration franchises in Arizona. During 2022, one franchise was opened, but one ceased operations for other reasons, resulting in two franchises at the end of the year.
This information is crucial for potential franchisees as it provides insight into the brand's growth and stability within a specific market. A single franchise opening in Arizona during 2022, coupled with one closure, suggests a relatively stable but not rapidly expanding presence in the state.
Prospective franchisees should further investigate the reasons behind the franchise closure to understand any potential challenges or market-specific issues in Arizona. Understanding the dynamics of franchise openings and closures can help in assessing the overall health and potential risks associated with investing in a Bor Restoration franchise in that region.