What is the purpose of including page numbers in the Bor Restoration FDD?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
Notes To Financial Statements For The Years Ended December 31, 2023, 2022 and 2021
Page -7-
(1) Description Of The Business
BOR Franchising, LLC (the "Company") was incorporated under the laws of the State of Colorado on January 10, 2018. The Company is engaged in the business of franchising BOR franchises that provide fire, water, and mold remediation services together with content cleaning restoration services to customers across the United States.
Source: Item 23 — Receipts (FDD pages 40–202)
What This Means (2024 FDD)
The excerpts from Bor Restoration's 2024 Franchise Disclosure Document include page numbers within the financial statement notes. Specifically, the excerpts show "Page -7-" in relation to the notes to financial statements. This is a standard practice in financial documents and legal disclosures like the FDD. Page numbers serve several crucial functions. They allow for easy referencing and navigation within the document, ensuring that readers can quickly locate specific information.
For a prospective Bor Restoration franchisee, this means that if they are reviewing the financial statements and want to refer back to the description of the business, the page numbers will help them find the relevant section quickly. This is particularly important in a lengthy document like the FDD, where information is spread across multiple sections.
Furthermore, page numbers are essential for maintaining the integrity and organization of the document. They facilitate discussions about specific parts of the FDD between the franchisee and their advisors (attorneys, accountants, etc.). The consistent use of page numbers ensures that everyone is on the same page, literally, when discussing the details of the franchise agreement and financial performance of Bor Restoration.