How many Bor Restoration franchises opened in Minnesota during 2023?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
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| Kentucky | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 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 |
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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 Minnesota 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.
Specifically, for Minnesota in 2023, the table shows that there were zero franchises at the start of the year and one franchise opened during the year. There were no terminations, non-renewals, re acquisitions by the franchisor, or other reasons for ceased operation. This resulted in a total of one franchise operating in Minnesota at the end of 2023.
Prospective franchisees can use this information to understand the recent growth and activity of Bor Restoration franchises in specific states. It's important to note that past performance does not guarantee future results, but this data can provide insights into the brand's expansion and stability in different markets.