How much revenue did Bor Restoration recognize over time in 2023?

According to Bor Restoration's 2024 Franchise Disclosure Document, the amount of services that were recognized over time amounted to $4,095,298 during the year ended December 31, 2023. The FDD also notes that no services were recognized at a point in time during that year. This figure represents the revenue Bor Restoration recognized from services performed over a period, as opposed to a single transaction.

For a prospective franchisee, this information provides insight into how Bor Restoration recognizes revenue. The fact that all revenue was recognized over time suggests that the company's income is derived from ongoing service contracts rather than one-time sales. This could imply a stable revenue stream, but also necessitates a focus on maintaining customer relationships and service quality.

It's important to note that this figure reflects the revenue recognized by Bor Restoration itself, and not the revenue generated by individual franchisees. While this information is useful for understanding the franchisor's financial performance, prospective franchisees should also seek information about the typical revenue and profitability of individual franchise locations to assess their own potential earnings.