What software licenses are Bor Restoration franchisees required to purchase?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
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| Type of Expenditure | Amount | Method of | When Due | To Whom Payment is to be |
|---|---|---|---|---|
| (Note 1) | Payment | Made | ||
| IFF | $44,000 | Lump sum | At the signing of Franchise Agreement. | Us |
| Opening Package | $127,000 | Lump-sum | At the signing of the Franchise Agreement. | An Approved Vendor, An Affiliate, or Us. |
| BOR Software | $3,999 | Lump-sum | At the signing of the Franchise Agreement. | Us. |
| Technology | $2,995 | Lump-sum | At the signing of the Franchise Agreement. | Us. |
| Startup Fee | ||||
| Rent and Rental | $0 to $300 | As incurred | Before opening. | Landlord. |
| Improvements | ||||
| (Note 2) | ||||
| Office Furniture, | $0 to $300 | As incurred | Before opening. | Vendors. |
| Fixtures, and | ||||
| Equipment (Note | ||||
| 2) | ||||
| Microsoft Office | $174 | As incurred | Before opening. | Approved Vendor. |
| 365 and Constant | ||||
| Contact (Note 3) | ||||
| Initial Training Expenses (Note 4) | $1,000 to $2,500 | As incurred | Before training. | Airlines, Hotels, Restaurants. |
| Business Vehicle and Wrap (Note 5) | $1,000 to $35,000 | As incurred | Before opening. | Vendor. |
| Business Vehicle | $0 to $1,500 | As incurred | Before opening. | State or Local Government. |
Source: Item 7 — (FDD pages 15–18)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, franchisees must purchase several software licenses as part of their initial investment. The FDD outlines specific software requirements and their associated costs. These include BOR Software, Microsoft Office 365, and Constant Contact. The initial investment table lists the cost for BOR Software as $3,999, payable in a lump sum at the signing of the Franchise Agreement to Bor Restoration. Additionally, franchisees must budget $174 for Microsoft Office 365 and Constant Contact, payable to an approved vendor before opening.
Bor Restoration requires franchisees to obtain a license for Microsoft Office 365, with the current annual fee stated as $99. Franchisees are also required to purchase a Constant Contact license, which is currently $25 per month. The estimated initial investment of $174 covers one year of Microsoft Office 365 and the first three months of Constant Contact. This suggests that franchisees will need to budget for ongoing software expenses beyond the initial three-month period for Constant Contact.
Prospective franchisees should consider these software costs when evaluating the overall financial commitment required to start a Bor Restoration franchise. It is important to note that the fees for Microsoft Office 365 and Constant Contact are subject to change. Therefore, franchisees should verify the current fees with the approved vendor before making their purchase. The cost for the technology fee is listed separately as $2,995, which may include other software or technology-related expenses, but the FDD does not specify what this covers.