What was the total number of Bor Restoration outlets at the start of 2022?
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 beginning of 2022, there were a total of 20 Bor Restoration outlets. These were all franchisee-owned, as there were zero company-owned outlets at that time.
This information is crucial for potential franchisees as it provides a snapshot of the brand's size and growth trajectory. Seeing the number of outlets at the start of the year helps to understand the expansion rate and market penetration of Bor Restoration. The fact that all outlets were franchisee-owned could indicate the company's reliance on the franchise model for growth.
Tracking the number of outlets over time, as presented in the table, allows prospective franchisees to assess the stability and potential of the Bor Restoration franchise system. It is important to note that while the total number of outlets provides a general overview, further investigation into the performance and location of these outlets would be beneficial for making an informed investment decision.