How many Bor Restoration franchises were terminated 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 |
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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 terminations of Bor Restoration franchises in 2021. Specifically, the total number of franchise terminations across all reporting states was one.
It is important to note that while the total number of terminations is provided, the table also breaks down franchise data by state. For example, in North Carolina, there were two franchises at the start of 2021, one franchise opened, and zero terminations, resulting in three franchises by the end of the year. In contrast, the totals row shows 14 franchises at the start of 2021, seven franchises opened, and one termination, resulting in 20 franchises at the end of the year.
Prospective franchisees should pay close attention to the 'Terminations' column in Item 20, as this indicates how many franchise agreements were ended, either by the franchisee or Bor Restoration. High numbers of terminations can be a red flag, indicating potential issues with the franchise system's profitability or franchisee relations. However, one termination in 2021 does not necessarily indicate a systemic issue.