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What was the net change in the total number of Bor Restoration outlets during 2022?

Bor_Restoration Franchise · 2024 FDD

Answer 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 total number of outlets during 2022 was an increase of two locations. Specifically, the number of total outlets began the year at 20 and ended the year at 22, resulting in the net change of +2. All of these locations were franchisee-owned, as the number of company-owned locations remained at zero throughout the year.

For a prospective franchisee, this information indicates a modest growth in the Bor Restoration system during 2022. While not explosive, a net increase suggests the brand is expanding, which can be a positive sign. It is important to note that past performance does not guarantee future results, but this data point provides some insight into the brand's recent trajectory.

It would be prudent for a potential franchisee to investigate the reasons behind this growth and to understand the factors that contributed to the net change. Further research into the specific locations that opened or closed during this period could provide a more nuanced understanding of Bor Restoration's development.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.