How many Bor Restoration franchises opened in Texas during 2021?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2 |
Table No. 3 Status of Franchised Outlets For the Years 2021 through 2023
| 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 |
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 Texas during 2021. The table provided in Item 20 of the FDD outlines the status of franchised outlets for the years 2021 through 2023.
Specifically, the table includes data on the number of franchises at the start of the year, the number of franchises opened, terminations, non-renewals, franchises reacquired by the franchisor, franchises that ceased operation for other reasons, and the number of franchises at the end of the year. This information is broken down by state and year, allowing prospective franchisees to see the growth and changes in the Bor Restoration franchise system over the past three years.
For a prospective franchisee, this historical data can be valuable in assessing the stability and growth potential of the Bor Restoration franchise in specific geographic areas. It is important to note that past performance is not necessarily indicative of future results, but it can provide insights into trends and potential challenges or opportunities within the franchise system.