How many Bor Restoration franchises opened in Arkansas during 2023?
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 | |
| Arkansas | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Colorado | 1 |
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, one franchise opened in Arkansas during 2023. The table provided in Item 20 of the FDD outlines the status of franchised outlets for the years 2021 through 2023, detailing openings, terminations, and other changes in outlet status for each state.
For a prospective franchisee, this information is valuable in assessing the brand's growth and stability in specific geographic areas. The fact that one franchise opened in Arkansas in 2023 indicates some level of expansion in that state. However, it's important to consider this number in the context of other factors, such as terminations or non-renewals, to get a complete picture of Bor Restoration's performance in Arkansas.
It is also important to note the number of franchises that were operating at the start and end of the year. In Arkansas, there were zero franchises at the start of 2023, and one at the end of 2023. This confirms that the single franchise opening represents the entire presence of Bor Restoration in Arkansas as of the end of 2023. This information helps potential franchisees understand the current market penetration of Bor Restoration in Arkansas.