What was the net income for Bor Restoration in 2023?

According to Bor Restoration's 2024 Franchise Disclosure Document, the company's net income for 2023 was $3,179,559. The FDD also provides net income figures for the two preceding years, with $386,160 in 2022 and $420,082 in 2021. This shows a substantial increase in net income for Bor Restoration from 2021 to 2023.

This information is crucial for prospective franchisees as it provides insight into the financial performance of Bor Restoration. A consistent increase in net income can be a positive indicator of the brand's strength and growth potential. Franchisees may use this data to assess the overall financial health of the company and its ability to support its franchisees.

However, it is important to note that past performance is not necessarily indicative of future results. Potential franchisees should conduct their own due diligence and consider various factors, such as market conditions, competition, and their own business acumen, before making a decision. Reviewing the complete financial statements and understanding the factors that contributed to the increase in net income is also advisable.