How many Bor Restoration franchises opened in Ohio during 2021?
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 Ohio during 2021. The table provided in Item 20 of the FDD outlines the status of franchised outlets for the years 2021 through 2023, offering a detailed view of franchise activity across different states. This information is crucial for potential franchisees as it provides insights into the brand's expansion and presence in specific markets.
Specifically, the table lists the number of franchises at the start of the year, the number of franchises opened, terminations, non-renewals, re acquisitions by the franchisor, ceased operations for other reasons, and the number of franchises at the end of the year. For Ohio in 2021, the table indicates that there were zero franchises at the start of the year and one franchise opened, resulting in one franchise at the end of the year.
This level of detail allows prospective Bor Restoration franchisees to assess the growth trajectory of the franchise system in different regions. It also helps them understand the potential market saturation and competition they might face in their desired territory. Reviewing this historical data is a key step in the due diligence process, enabling franchisees to make informed decisions about their investment.