How many Bor Restoration franchises were operating in Arizona at the end of 2021?
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 |
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 were 2 Bor Restoration franchises operating in Arizona at the end of 2021. The table provided in Item 20 of the FDD outlines the status of franchises, including the number of franchises at the start of the year, those opened, terminated, non-renewals, reacquired by the franchisor, ceased operations for other reasons, and the number of franchises at the end of the year.
For prospective franchisees, this information is valuable in understanding the growth and stability of the Bor Restoration brand in specific geographic areas. Knowing the number of existing franchises and any changes in that number can provide insights into market saturation and the potential for new franchise opportunities. It also helps to assess the success and challenges faced by existing franchisees in a particular state.
The data also shows that no Bor Restoration franchises opened, terminated, or were reacquired by the franchisor in Arizona during 2021. This suggests a stable market presence for Bor Restoration in Arizona during that year. However, in 2022, one franchise ceased operation for other reasons, but another franchise was opened, keeping the total number of franchises at 2. In 2023, another franchise was opened, but another ceased operation for other reasons, keeping the total number of franchises at 2.
Overall, the information presented in Item 20 offers a snapshot of the franchise network's evolution, which is crucial for potential franchisees in evaluating the risks and opportunities associated with investing in a Bor Restoration franchise.