How many Bor Restoration franchises were operating at the start 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 14 franchisee-owned Bor Restoration outlets at the start of 2021. This number is derived from the 'Franchises at the Start of the Year' column in the provided table, which specifically lists the count of franchisee-owned outlets.
For a prospective franchisee, this indicates the size and established presence of the Bor Restoration franchise system at that time. It provides a baseline for understanding the brand's growth trajectory over the subsequent years. The document also specifies that there were no company-owned Bor Restoration outlets during this period, meaning the entire network consisted of franchised locations.
It's important to note that this number reflects the total number of operating franchises across all states where Bor Restoration had a presence. The table also breaks down the number of franchises operating in each state at the start of 2021, allowing for a more granular understanding of market penetration. For example, in 2021, Arizona had 2 franchises, Colorado had 5, Florida had 1, Georgia had 1, Kentucky had 2, Nevada had 1, North Carolina had 2, and Texas had 1.
Reviewing the growth in franchise numbers from 2021 to 2023, as detailed in the FDD, can further help potential franchisees assess the brand's momentum and stability. The total number of franchises increased from 14 at the start of 2021 to 50 by the end of 2023, showing substantial growth in a relatively short period.