Does Bor Restoration require franchisees to consent to inspections and audits of their business?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
- a. You consent to reasonable inspections and audits of any aspect of the Business (including a review of your books and records and attendance at a job site) during normal business hours.
- b. Should we notify you at any time of defects, deficiencies, or unsatisfactory conditions concerning the Business, you agree to correct any such item or items immediately, and you will complete the corrections within the time granted for any cure under this Franchise Agreement. We may charge our then-current Audit Fee if we find deficiencies.
Source: Item 23 — Receipts (FDD pages 40–202)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, franchisees must consent to inspections and audits of their business. Bor Restoration is allowed to conduct reasonable inspections and audits of any aspect of the business during normal business hours, including reviewing books and records and attending job sites.
If Bor Restoration identifies any defects, deficiencies, or unsatisfactory conditions, the franchisee must correct them immediately and within the timeframe specified for cure under the Franchise Agreement. If deficiencies are found during an audit, Bor Restoration may charge its then-current Audit Fee.
This clause allows Bor Restoration to monitor compliance with its standards and procedures, and to ensure quality control across all franchise locations. The Audit Fee serves as a deterrent against non-compliance and may cover Bor Restoration's costs associated with identifying and addressing any issues. Prospective franchisees should be aware of the potential for these audits and the associated costs if deficiencies are found.