How many Bor Restoration franchises were not renewed in 2021?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
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| Kentucky | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| State | Column 2 Year | 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 | |-------------------|---------------------|-------------------------------------------------------|----------------------------------|--------------------------|------------------------------|--------------------------------------------|-------------------------------------------|--------------------------------| | | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | | Maryland | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | Michigan | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | | Minnesota | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | Nevada | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | New | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | Jersey | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | North | 2021 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | | Carolina | 2022 | 3 | 0 | 1 | 0 | 0 | 0 | 2 | | 011 | 2023 | 2 | 3 | 1 | 0 | 0 | 0 | 5 | | Ohio | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Ollebana | 2023 | 1 | 2 | 0 | 0 | 0 | 0 | 3 | | Oklahoma | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2022 | 0 | 0 2 | 0 | 0 | 0 | 0 | 0 | | South | 2023 2021 | 0 | | 0 | 0 | 0 | 0 | 2 | | South | 2021 | - | 0 | 0 | 0 | 0 | | 1 | | Carolina | | | | | | | | | | Caronna | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 1 | | Tennessee | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 1 6111163566 | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | | Texas | 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | 1 CAAS | 2021 | 1 | 2 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 6 | 0 | 0 | 0 | 0 | 9 | | Utah | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | Can | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Totals | 2020 | 1 | | | 1 3 | 1 | | I | | 1 0 4413 | 2021 | 14 | 7 | 1 | 0 | 0 | 0 | 20 | | | 2022 | 20 | 4 | 1 | 0 | 0 | 1 | 22 | | | 2023 | 22 | 30 | 0 | 0 | 0 | 2 | 50 | Table No. 4 Status of Company/Affiliate-Owned Outlets For the Years 2021 through 2023
| State | Column 2 Year | Column 3 Outlets as the Start of the Year | Column 4 Outlets Opened | Column 5 Outlets Reacquired from Franchisee | Column 6 Outlets Closed | Outlets sold to Franchisees | Column 9 Outlets at the End of the Year |
|---|---|---|---|---|---|---|---|
| Colorado | 2021 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Totals | 2021 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 |
Table No. 5 Projected Openings As Of December 31, 2023
| Column 1 | Column 2 | Column 3 | Column 4 | |----------|-----------------------|----------------------------|------------------------------| | State | Franchise Agreements | Projected new Franchise | Projected New Company- | | | Signed but not Opened | Outlets in the Next Fiscal Year | Owned Outlets in the Current Fiscal Year | | Missouri | 1 | 1 | 0 | | Texas | 1 | 1 | 0 | | TOTALS | 2 | 2 | 0 | Exhibit D lists the names of all franchisees and the addresses and telephone numbers of their outlets as of December 31, 2023. Exhibit D also lists the name, city, state, and the current business telephone number (or, if unknown, the last known home telephone number) of every franchisee who had an outlet terminated, canceled, not renewed, or otherwise voluntarily or involuntarily ceased to do business under the Franchise Agreement during our most recently completed fiscal year, or who has not communicated with us within ten weeks of the issuance date of this Franchise Disclosure Document.
If you buy this franchise, your contact information may be disclosed to other buyers when you enter or leave the franchise system.
Franchisees and we have signed no confidentiality agreements during the past three years. In some instances, current or former franchisees sign provisions restricting their ability to speak openly about their experience with us. You may wish to speak with current and former franchisees, but be aware that not all such franchisees will be able to communicate with you.
Exhibit E lists, to the extent known, the names, addresses, telephone numbers, email, and web addresses of each trademark-specific franchisee organization associated with the franchise system being offered that we have created, sponsored, or endorsed, and the independent franchisee organizations that have asked to be included in this disclosure document.
ITEM 21
FINANCIAL STATEMENTS
Attached to this Disclosure Document as Exhibit G are our audited financial statements for fiscal years ended December 31, 2021, December 31, 2022, and December 31, 2023.
ITEM 22
CONTRACTS
Attached to this Disclosure Document are the following franchise-related contracts:
Exhibit B Franchise Agreement and all Exhibits to Franchise Agreement as follows:
| Exhibit 1 | Initial Franchise Fee and Statement of Ownership |
|---|---|
| Exhibit 2 | Exclusive Territory and Franchised Location |
| Exhibit 3 | Release for Criminal and Credit Check |
| Exhibit 4 | General Release |
| Exhibit 5 | Collateral Assignment of Contact and Electronic Information |
| Exhibit 6 | Confidentiality Agreement |
| Exhibit 7 | State Addenda |
| Exhibit 8 | Guaranty |
| Exhibit 9 | Closing Acknowledgement |
No statement, questionnaire, or acknowledgment signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.
ITEM 23
RECEIPT
The Receipt is found at the end of this booklet as Exhibit I.
EXHIBIT A STATE AGENCIES
Names and Addresses of State Regulatory Authorities and Registered Agents in the States
The following is a list of state administrators responsible for franchise registration in their state. We may register in one or more of these states.
California
Department of Financial Protection and Innovation One Sansome Street, Ste. 600 San Francisco, CA 94104
Commissioner of the Department of Financial Protection and Innovation 320 W. 4th Street, Suite 700 Los Angeles, California 90013
Commissioner of the Department of Financial Protection and Innovation 2101 Arena Blvd., Sacramento, CA 95834
Connecticut
Connecticut Banking Commissioner Department of Banking Securities & Business Investments Division 260 Constitution Plaza Hartford, Connecticut 06103 (860) 240-8299
Florida
Division of Consumer Services Attn: Business Opportunities 2005 Apalachee Parkway Tallahassee, Florida 32399-6500
Hawaii
Commissioner of Securities Department of Commerce & Consumer Affairs 335 Merchant Street, Room 203 Honolulu, Hawaii 96813 (808) 586-2722
Illinois
Illinois Attorney General 500 South Second Street Springfield, Illinois 62706
Indiana
Indiana Secretary of State Securities Division 302 West Washington Street, Room E-111 Indianapolis, Indiana 46204
Kentucky
Office of the Attorney General Consumer Protection Division Attn: Business Opportunity
1024 Capital Center Drive Frankfort, Kentucky 40601-8204
Maine
Department of Professional and Financial Regulations Bureau of Banking Securities Division 121 Statehouse Station Augusta, Maine 04333
Maryland
Office of the Attorney General Securities Division 200 St. Paul Place Baltimore, Maryland 21202
Michigan
Department of the Attorney General Consumer Protection Division, Franchise Unit P.O. Box 30213 G. Mennen Williams Building Lansing, Michigan 48909
or
525 W. Ottawa Street G. Mennen Williams Bldg, 1st Floor Lansing, MI 48913
Minnesota
Minnesota Department of Commerce 85 7th Place East, Suite 280 St. Paul, Minnesota 55101
Nebraska
Nebraska Department of Banking and Finance Commerce Court 1230 O Street, Suite 400 Lincoln, Nebraska 68509
New York
New York State Department of Law Investor Protection Bureau 28 Liberty St. 21st Fl New York, NY 10005 212-416-8285
North Carolina
Secretary of State Securities Division Old Revenue Complex 2 South Salisbury Street Raleigh, North Carolina 27601
North Dakota
North Dakota Securities Department
600 East Boulevard Avenue State Capitol – 5th Floor Department 414 Bismarck, North Dakota 58505-0510 (701) 328-4712
Rhode Island
Department of Business Regulation 1511 Pontiac Avenue Bldg.
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 zero non-renewals of franchises in 2021. The provided tables in Item 20 detail the status of franchised outlets for the years 2021 through 2023, showing the number of franchises at the start of the year, franchises opened, terminations, non-renewals, re acquisitions by the franchisor, outlets that ceased operation for other reasons, and the number of franchises at the end of the year.
Specifically, the 'Non-renewals' column indicates the number of franchises that were not renewed during each year. For 2021, the total number of non-renewals across all states was zero. This suggests that all Bor Restoration franchise agreements that were up for renewal in 2021 were successfully renewed, and no franchisees chose not to continue their agreement with Bor Restoration.
For a prospective franchisee, this information can be reassuring, as it indicates that franchisees are generally satisfied with their Bor Restoration franchise and choose to continue operating under the brand. However, it is important to consider that this is just one year's data, and it may be beneficial to investigate further into the reasons why franchises may or may not be renewed in other years to gain a more comprehensive understanding.