How many Bor Restoration franchises were operating in Arizona at the start 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 start of 2021. The FDD provides a detailed table outlining the number of franchises at the start of each year, as well as changes throughout the year, including franchises opened, terminations, non-renewals, re acquisitions by the franchisor, and other reasons for ceased operation. This level of detail can help prospective franchisees understand the stability and growth of the Bor Restoration brand in specific geographic areas.
For a prospective Bor Restoration franchisee, this information is valuable in assessing the brand's presence and performance in Arizona. Knowing the number of existing franchises at the beginning of 2021 provides a baseline for evaluating subsequent growth or decline. The table also shows that no additional franchises were opened in Arizona during 2021, and there were no terminations, non-renewals, or re acquisitions, meaning the number of franchises remained constant at 2 by the end of 2021.
It's important to note that while the number of franchises remained stable in 2021, the table also indicates changes in subsequent years. For example, in 2022, one additional franchise was opened, but one ceased operation for other reasons, keeping the total at 2. In 2023, another franchise was opened, but one ceased operation for other reasons, keeping the total at 2. This suggests that while there is some growth in the Arizona market, there are also challenges that franchisees may face, leading to closures. A prospective franchisee should investigate the reasons behind these closures to better understand the market dynamics and potential risks.
Overall, the data presented in Item 20 of the Bor Restoration FDD offers valuable insights into the franchise's performance and stability in specific markets. By carefully analyzing these trends, prospective franchisees can make more informed decisions about whether to invest in a Bor Restoration franchise in a particular area.