How many Bor Restoration franchises were sold and became operational during 2022?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2022 | 2021 | 2020 | |
|---|---|---|---|
| Franchises at the beginning of the year | 19 | 13 | 12 |
| Franchises sold and operational | 4 | 7 | 3 |
| Franchises closed | (2) | (1) | (2) |
| Franchises at the end of year | 21 | 19 | 13 |
Source: Item 23 — Receipts (FDD pages 40–202)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, there were 4 franchises sold and operational during the year 2022. This number is part of a table summarizing the franchise activity for the company's overall system. The table also includes data from 2020 and 2021.
For a prospective franchisee, this information provides insight into the growth and stability of the Bor Restoration franchise system. Knowing the number of franchises sold and operational in previous years can help in assessing the brand's expansion rate and market penetration. It's important to consider this number in conjunction with other factors, such as franchise closures, to get a comprehensive understanding of the franchise's performance.
It is also useful to compare this number with those of other similar franchises in the restoration industry to benchmark Bor Restoration's growth. A consistent increase in the number of operational franchises year over year may indicate a healthy and expanding franchise system. However, it is important to investigate further to understand the reasons behind any fluctuations or decreases in these numbers.