How many Bor Restoration franchises were operating at the start 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, at the start of 2023, there were 22 franchise locations operating. This number is derived from the table summarizing the status of franchised outlets. The table provides a breakdown of franchise activity, including the number of franchises at the start of the year, new franchises opened, terminations, non-renewals, reacquired franchises, and franchises that ceased operation for other reasons, ultimately showing the number of franchises at the end of the year.
Specifically, the table includes a row for the year 2023 that indicates the number of 'Franchisee Owned' outlets at the start of the year. This figure represents the total number of Bor Restoration franchise locations that were operational as of January 1, 2023. This information is valuable for prospective franchisees as it provides a snapshot of the brand's existing footprint and growth trajectory.
It's important to note that this number reflects only franchisee-owned locations and does not include any company-owned outlets, as Bor Restoration did not have any company-owned operations during the period covered by the table. Reviewing this historical data helps potential franchisees understand the stability and expansion of the Bor Restoration franchise system.