How many Bor Restoration franchises were operating in Arizona at the end of 2022?
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 two franchises operating in Arizona at the end of 2022. The table provided in Item 20 details the status of franchised outlets from 2021 through 2023.
In 2022, one Bor Restoration franchise opened in Arizona, while one ceased operations for other reasons. This resulted in a net of zero change during the year.
Prospective franchisees can use this information to understand the historical growth and stability of Bor Restoration franchises in specific states. It's important to note that past performance doesn't guarantee future results, but this data can inform your assessment of the market and the franchisor's support.