What was the total number of Bor Restoration outlet transfers in 2023?

According to Bor Restoration's 2024 Franchise Disclosure Document, there were a total of 2 outlet transfers in 2023. The data is based on information from Arizona and Colorado. Arizona reported 0 transfers in 2023, while Colorado reported 2 transfers in 2023.

This information is crucial for prospective franchisees as it provides insight into the stability and desirability of existing Bor Restoration franchises. A higher number of transfers might indicate franchisees are choosing to sell their businesses, which could be due to various factors such as profitability, management issues, or personal reasons. Conversely, a low number of transfers could suggest that franchisees are generally satisfied with their investment and operations.

It is important to note that this data only reflects transfers between franchisees and does not include instances where the franchise is reacquired by Bor Restoration itself or closed down. Reviewing transfer trends over several years, as presented in the table, can offer a more comprehensive understanding of franchisee turnover and the overall health of the Bor Restoration franchise system. Prospective franchisees should investigate the reasons behind any transfers to better assess the potential risks and opportunities associated with investing in a Bor Restoration franchise.