How many Bor Restoration franchises were operating at the beginning of 2021?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2022 | 2021 | 2020 | |
|---|---|---|---|
| Franchises at the beginning of the year | 19 | 13 | 12 |
| Franchises sold and operational | 4 | 7 | 3 |
| Franchises closed | (2) | (1) | (2) |
| Franchises at the end of year | 21 | 19 | 13 |
Source: Item 23 — Receipts (FDD pages 40–202)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, there were 13 Bor Restoration franchises operating at the beginning of 2021. The FDD provides a table summarizing franchise activity, detailing the number of franchises at the beginning of the year, those sold and operational, those that closed, and the total number of franchises at the end of the year. This information is crucial for prospective franchisees to understand the growth and stability of the Bor Restoration franchise system.
Specifically, the table shows that Bor Restoration started 2021 with 13 franchises. Throughout the year, 7 new franchises were sold and became operational, while 1 franchise closed. This resulted in a total of 19 franchises at the end of 2021.
Understanding these figures helps potential franchisees assess the brand's growth trajectory and the rate of franchise closures, which can be indicative of the overall health and appeal of the franchise system. Reviewing these historical trends allows for a more informed decision when considering investing in a Bor Restoration franchise.