How many Bor Restoration franchises were operating at the end of 2023?
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 50 franchise outlets operating at the end of 2023. This number reflects the total number of franchisee-owned outlets. Bor Restoration does not operate any company-owned outlets, as indicated by zero company-owned outlets for the years 2021, 2022, and 2023.
Bor Restoration saw a net increase of 28 franchise outlets during 2023. This growth is calculated by subtracting the 22 outlets at the start of the year from the 50 outlets at the end of the year. This substantial increase in franchise locations may indicate a period of rapid expansion for the Bor Restoration brand.
Potential franchisees should note that while the total number of franchises increased significantly, individual state performance can vary. Reviewing the detailed state-by-state breakdown in Item 20 of the FDD can provide insights into market-specific growth and potential opportunities. Understanding these trends is crucial for making an informed investment decision.