How many Bor Restoration franchises were reacquired by the franchisor in 2021?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2 |
Table No. 3 Status of Franchised Outlets For the Years 2021 through 2023
| State | Column 2 Year | Column 3 Franchises at the Start of the Year | Franchises Opened | Terminations | Non- renewals | Reacquired by Franchisor | Column 8 Ceased Operation - other reasons | End of the Year |
|---|---|---|---|---|---|---|---|---|
| Arizona | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 1 | 0 | 0 | 0 | 1 | 2 | |
| 2023 | 2 | 1 | 0 | 0 | 0 | 1 | 2 | |
| Arkansas | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Colorado | 1 | |||||||
| 2021 | 5 | 1 | 0 | 0 | 0 | 0 | 6 | |
| 2022 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | |
| 2023 | 7 | 2 | 0 | 0 | 0 | 0 | 9 | |
| Florida | 2021 | 1 | 0 | 0 | 0 | 0 | 1 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | |
| 2023 | 0 | 3 | 0 | 0 | 0 | 0 | 3 |
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, across all states, there were zero franchises reacquired by the franchisor in 2021. The provided table in Item 20 details the franchise activity by state, including the number of franchises reacquired by Bor Restoration.
For a prospective franchisee, this information indicates the stability and relationship between Bor Restoration and its franchisees. A low number of reacquired franchises could suggest that franchisees are generally successful and satisfied with their business, or that Bor Restoration has effective methods for supporting its franchisees.
It is important to note that while the table provides a historical overview, future performance may vary. A potential franchisee should also consider other factors, such as the reasons for any past re acquisitions (if any), and the overall financial health and support system provided by Bor Restoration.