According to Aw's 2025 Franchise Disclosure Document, there was one franchised outlet operating in Indiana at the end of 2023. The provided table in Item 20 outlines the status of franchised outlets for 2022, 2023, and 2024, showing that the number of outlets in Indiana remained constant at one for each of those years. There were no outlets opened, terminated, non-renewed, reacquired by the franchisor, or ceased operations for other reasons during this period.

This information is crucial for potential Aw franchisees in Indiana as it provides insight into the brand's existing presence and stability in the state. The fact that the number of outlets has remained consistent suggests a stable, albeit small, market presence. However, the absence of growth (no new openings) in recent years might warrant further investigation to understand the market dynamics and potential for expansion.

Prospective franchisees should consider this information in conjunction with other factors, such as market demographics, competition, and local economic conditions, to assess the viability of opening an Aw franchise in Indiana. It would be beneficial to discuss the reasons behind the lack of growth with the franchisor and to understand their plans for future development in the state. Additionally, reviewing the performance of the existing outlet and gathering insights from the current franchisee could provide valuable perspectives.