How many Bor Restoration franchises were operating at the end of 2021?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Column 3 Outlets at the Start of the Year | Column 4 Outlets at the end of the Year | Net Changes |
|---|---|---|---|---|
| Franchisee Owned | ||||
| 2021 | 14 | 20 | +6 | |
| 2022 | 20 | 22 | +2 | |
| 2023 | 22 | 50 | +28 | |
| Company-Owned | ||||
| 2021 | 0 | 0 | 0 | |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Total Outlets | ||||
| 2021 | 14 | 20 | +6 | |
| 2022 | 20 | 22 | +2 | |
| 2023 | 22 | 50 | +28 |
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 20 franchisee-owned Bor Restoration locations operating at the end of 2021. This number is derived from the provided table outlining the status of franchised outlets. The table shows that Bor Restoration started 2021 with 14 locations and ended the year with 20, indicating a net increase of 6 units during that year.
Specifically, the table provides a breakdown of the number of franchises operating in various states. For example, Arizona had 2 franchises at the end of 2021, Colorado had 6, Florida had 0, and Georgia had 1. These numbers, when combined with the figures from other states, contribute to the total of 20 franchised locations at the close of 2021.
Prospective franchisees can use this information to understand the growth and presence of Bor Restoration franchises across different regions. It's important to note that these figures represent only franchisee-owned locations and do not include any company-owned outlets, as Bor Restoration did not have any company-owned locations during this period. Reviewing this historical data can help potential franchisees assess the brand's expansion trajectory and stability in different markets.