How many Bor Restoration franchises were operating in Arizona at the start 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 Bor Restoration franchises operating in Arizona at the start of 2022. The table provided in Item 20 of the FDD outlines the status of franchised outlets for the years 2021 through 2023, offering a year-by-year breakdown of franchise activity in each state. This information is crucial for prospective franchisees as it provides insight into the brand's existing market presence and historical performance in specific geographic areas.
Specifically, the table details the number of franchises at the start of each year, the number of franchises opened, terminations, non-renewals, franchises reacquired by the franchisor, instances of ceased operation for other reasons, and the number of franchises at the end of the year. For Arizona in 2021, there were two franchises at the start of the year, no franchises opened, no terminations, no non-renewals, no franchises reacquired by the franchisor, and no instances of ceased operation for other reasons, resulting in two franchises at the end of the year.
In 2022, Arizona began the year with two franchises, added one new franchise, experienced no terminations or non-renewals, had no franchises reacquired, but saw one franchise cease operations for other reasons, leaving two franchises at the end of the year. This level of detail allows potential franchisees to assess the stability and growth of the Bor Restoration brand in Arizona, as well as identify any potential challenges or trends in the market. Understanding these dynamics is essential for making an informed investment decision and evaluating the potential for success in a specific territory.