Does Bor Restoration offer financing for any portion of the initial investment?

According to Bor Restoration's 2024 Franchise Disclosure Document, neither Bor Restoration nor its affiliates offer direct or indirect financing to franchisees for any part of the initial investment. This means that prospective franchisees must secure funding for the entire initial investment through their own means, such as personal savings, loans from banks or other financial institutions, or investors.

The initial investment for a Bor Restoration franchise ranges from $194,918 to $239,468. This total includes various expenses such as the IFF ($44,000), opening package ($127,000), BOR software ($3,999), technology ($2,995), rent ($0 to $300), office furniture ($0 to $300), Microsoft Office 365 and Constant Contact ($174), initial training expenses ($1,000 to $2,500), business vehicle and wrap ($1,000 to $35,000), business vehicle tax, title, and license ($0 to $1,500), business vehicle insurance ($500 to $1,000), grand opening cost ($500), insurance and professional services ($4,750 to $5,200), and additional funds for 3 months ($9,000 to $15,000).

Since Bor Restoration does not provide financing, franchisees should carefully review their financial resources and explore all available funding options. It is advisable to consult with a business advisor to assess the financial implications and develop a comprehensive funding strategy. This is a common practice in the franchise industry, as many franchisors do not offer direct financing and expect franchisees to secure their own funding.