What was the net change in the number of franchisee-owned Bor Restoration outlets during 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, the net change in the number of franchisee-owned outlets during 2021 was an increase of 6. Specifically, the number of franchisee-owned Bor Restoration outlets started the year at 14 and ended the year at 20. This indicates a period of growth for the franchise system.
For a prospective franchisee, this information is useful in understanding the growth trajectory of Bor Restoration. A net increase in franchisee-owned outlets suggests that the franchise is expanding and potentially gaining traction in the market. It is important to note that past performance does not guarantee future results, but it can provide insights into the brand's development.
It would be prudent for a potential Bor Restoration franchisee to investigate the reasons behind this growth. Understanding the factors that contributed to the increase in outlets, such as successful marketing strategies, effective franchisee support, or favorable market conditions, can help a franchisee assess the sustainability of this growth and its potential impact on their own business.