How many Bor Restoration franchises opened in Ohio 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, two franchises opened in Ohio during 2023. The table provided in Item 20 outlines the status of franchised outlets for the years 2021 through 2023, detailing the number of franchises that opened in each state during those years. This information is crucial for prospective franchisees as it offers insight into the brand's growth and expansion within specific geographic areas.
For a potential Bor Restoration franchisee, this data indicates the level of market penetration and brand presence in Ohio. The opening of two franchises in 2023 suggests a growing interest in Bor Restoration's services within the state. This information can help franchisees assess the competitive landscape and potential customer base in their target area.
It is important to note that while the FDD provides data on franchise openings, it does not offer specific details on the performance or success of these individual locations. Therefore, prospective franchisees should conduct their own due diligence, including market research and conversations with existing franchisees, to gain a comprehensive understanding of the opportunities and challenges associated with operating a Bor Restoration franchise in Ohio.