How many Bor Restoration outlets were there at the start of 2021?
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 beginning of 2021, there were a total of 14 Bor Restoration outlets. These were all franchisee-owned, with no company-owned outlets at that time.
This information is crucial for potential franchisees as it provides a baseline understanding of the brand's size and market presence at that specific point in time. Seeing the number of outlets helps gauge the maturity and established nature of the franchise system.
The FDD also indicates that the number of franchisee-owned Bor Restoration outlets increased from 14 to 20 during 2021, showing a net increase of 6 units. This growth trend can be an encouraging sign for prospective franchisees, suggesting positive momentum within the Bor Restoration franchise system.