What was the total number of Bor Restoration franchisee-owned outlets at the end of 2023?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Column 3 Outlets at the Start of the Year | Column 4 Outlets at the end of the Year | Net Changes |
|---|---|---|---|---|
| Franchisee Owned | ||||
| 2021 | 14 | 20 | +6 | |
| 2022 | 20 | 22 | +2 | |
| 2023 | 22 | 50 | +28 | |
| Company-Owned | ||||
| 2021 | 0 | 0 | 0 | |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Total Outlets | ||||
| 2021 | 14 | 20 | +6 | |
| 2022 | 20 | 22 | +2 | |
| 2023 | 22 | 50 | +28 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 36–39)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, at the end of 2023, there were 50 franchisee-owned Bor Restoration outlets. This number reflects a net increase of 28 outlets during the year 2023. At the start of 2023, there were 22 franchisee-owned outlets.
This information is crucial for potential franchisees as it provides a clear picture of the brand's growth and the expansion of its franchise network. The increase in franchisee-owned outlets suggests a growing interest in the Bor Restoration franchise system and could indicate positive performance and satisfaction among existing franchisees.
It's important to note that while the number of franchisee-owned outlets increased significantly, prospective franchisees should also consider other factors such as the performance of these outlets, the support provided by Bor Restoration, and the overall market conditions in their desired territory before making a decision. Reviewing the complete FDD and speaking with current franchisees can provide a more comprehensive understanding of the Bor Restoration franchise opportunity.