What was the net change in the total number of Bor Restoration outlets during 2023?

According to Bor Restoration's 2024 Franchise Disclosure Document, the net change in the total number of outlets during 2023 was an increase of 28. At the start of 2023, there were 22 total outlets, and by the end of the year, this number had grown to 50. None of these outlets were company-owned.

For a prospective franchisee, this indicates significant growth within the Bor Restoration system. The substantial increase in outlets suggests a growing market presence and potentially increasing brand recognition. This could translate to greater opportunities for new franchisees to establish themselves and benefit from the network's expansion.

However, it's important to consider the factors driving this growth. A prospective franchisee should investigate the reasons behind the increase in outlets, such as successful marketing campaigns, favorable market conditions, or effective franchisee support. Understanding the sustainability of this growth is crucial for making an informed investment decision.

It is also worth noting that while the total number of outlets increased significantly, all of these were franchisee-owned. This indicates that Bor Restoration's growth strategy is heavily reliant on franchising rather than corporate-owned locations. A potential franchisee should assess whether this aligns with their own preferences and investment goals.