BOR Restoration
BOR Restoration franchises offer water, fire, and mold remediation services to residential, commercial, and governmental properties. Known for comprehensive restoration and construction services, BOR operates in the disaster recovery and property restoration industry.
BOR Restoration franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment to begin operations of a BOR franchise is between $186,484 and $231,034. This includes $168,994 that must be paid to the franchisor or affiliate [p.1].
What is the initial franchise fee?
The initial franchise fee (IFF) is $35,000 [p.11]. This fee covers expenses such as Manuals, training, and pre-opening services, and also includes a profit component [p.11].
What are the ongoing royalty and advertising fees?
The franchisee must make minimum monthly royalty or advertising fund payments regardless of sales levels [p.4]. These payments are due by the 16th day of the month following the month for which they were calculated, and will be deposited into the operating account no later than the 15th day of the subsequent month [p.74].
How long is the initial franchise agreement, and can I renew it?
The initial term of the franchise agreement is not specified in these excerpts. However, at the end of the Initial Term, you have the option to renew your franchise rights for two additional five-year terms (each a 'Successor Franchise Term') by acquiring Successor Franchise Rights under certain conditions as outlined on pages [p.76] and [p.77].
Can I sell or transfer my franchise, and what does that require?
The FDD indicates that the franchisor has the right to refuse a transfer of ownership of a franchise except for good cause [p.5]. Good cause includes unspecified criteria, but this generally means the franchisor can deny transfers based on their discretion [p.162].
On what grounds can the franchisor terminate the agreement?
The franchisor has the right to terminate the franchise agreement if you breach it [p.35]. However, termination without reasonable cause is unlawful under Virginia Retail Franchising Act and similar provisions in Minnesota law [p.180, p.178], meaning that any grounds for default or termination must meet the definition of 'reasonable cause' to be enforceable.
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts. The provided FDD excerpts only address working capital adequacy [p.161] but do not mention specific net worth or liquid capital requirements for qualification as a franchisee.
Do I get an exclusive or protected territory?
Yes, you receive an exclusive territory that consists of as many contiguous zip codes as necessary to encompass approximately 200,000 people. However, the territory may not be entirely contiguous and has no specific demographic or geographic shape [p.31]. Additionally, the franchisor reserves the right to reduce the size of your Exclusive Territory without terminating the Franchise Agreement and can assign the removed territory to another franchisee, Affiliate, or a company-owned unit [p.96].
What training and ongoing support does the franchisor provide?
The franchisor provides initial training conducted by experienced trainers including Mr. Chiasson, Ms. Nestor, and Mr. Cruce [p.30]. Additionally, ongoing support may involve other personnel from operations, administration, or support staff assisting with training as needed [p.30].
How many franchised outlets are there, and how many have closed or been terminated?
As of December 31, 2024, there were a total of 72 franchised businesses. According to the FDD, two were closed, and some franchise agreements were terminated or not renewed during the most recently completed fiscal year. Additionally, Exhibit D lists the details of terminated franchises, but specific numbers are not provided in these excerpts. [p.38, p.42]
Does the franchisor share any financial performance or earnings information?
The franchisor can provide financial performance information if there is a reasonable basis for it, but they do not make any representations about future financial performance. They must include actual records of existing outlets if provided to potential franchisees and require reporting of other financial projections [p.39]. This isn't specified in the excerpts regarding sharing earnings information directly with prospective franchisees.
What am I restricted to selling, and where must I buy supplies?
You are restricted to offering and selling only those products and services that have been previously approved in writing by the franchisor [p.65]. You may have to buy or lease items from the franchisor or a limited group of suppliers designated by them, which might be more expensive than other options [p.3].