What was the net change in the number of franchisee-owned Bor Restoration outlets during 2023?

According to Bor Restoration's 2024 Franchise Disclosure Document, the net change in the number of franchisee-owned outlets during 2023 was an increase of 28. Specifically, the number of franchisee-owned Bor Restoration outlets increased from 22 at the start of 2023 to 50 by the end of the year. This indicates a significant expansion of the Bor Restoration franchise system through new franchisee locations during that period.

For a prospective franchisee, this growth trend could be seen as a positive sign, suggesting that the Bor Restoration business model is attractive and sustainable for franchisees. However, it's important to investigate further to understand the reasons behind this growth. A potential franchisee should consider factors such as the performance of these new outlets, the level of support provided to new franchisees, and the overall market conditions during this period.

It is also worth noting that while the number of franchisee-owned locations increased, the FDD does not specify the reasons for the change. It is important to determine if the net change was due to new franchises opening, existing franchisees acquiring additional territories, or a combination of both. Understanding the dynamics behind the net change can provide valuable insights into the health and stability of the Bor Restoration franchise system.