Is Bor Restoration the only supplier of the services for which the Technology Maintenance Fee is paid?

According to Bor Restoration's 2024 Franchise Disclosure Document, Bor Restoration is the only supplier of the services associated with the Technology Maintenance Fee. This means that franchisees are required to pay the Technology Maintenance Fee directly to Bor Restoration for these specific services, and they cannot obtain these services from any other provider.

This arrangement gives Bor Restoration direct control over the provision and quality of these technology-related services. While this ensures consistency across all franchises, it also means franchisees are dependent on Bor Restoration for these services and cannot seek alternative providers, even if they find them more cost-effective or better suited to their needs.

In addition to the Technology Maintenance Fee, Bor Restoration also specifies that they are the only supplier for the BOR Software Suite, for which franchisees pay fees as outlined in Items 5 and 7 of the FDD. Bor Restoration retains the right to change the vendor for this software, potentially to an affiliate or approved vendor. They are also the only supplier of Client Service Fees and Temporary Management Fees.

Prospective franchisees should carefully evaluate the services covered by the Technology Maintenance Fee and other required services to understand the full scope of their financial obligations to Bor Restoration and the potential limitations on their choice of service providers.