In Florida, how many Belocal outlets were reacquired by the franchisor in 2024?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
5
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations - Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2024 | 1 | 2 | 0 | 0 | 0 | 0 | 3 | |
| 2025 | 3 | 2 | 0 | 0 | 1 | 2 | 2 | |
| Arizona | 2023 | 8 | 2 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 59–70)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, one Belocal outlet in Florida was reacquired by the franchisor during 2024. At the start of 2024, there were 16 Belocal outlets in Florida. During the year, 8 new outlets were opened, 1 outlet was reacquired by Belocal, and 10 ceased operations for other reasons, resulting in 13 outlets at the end of the year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Belocal franchises in Florida. The reacquisition of a franchise could indicate various factors, such as the franchisee's inability to manage the business effectively, disputes between the franchisee and Belocal, or a strategic decision by Belocal to consolidate operations. The high number of outlets ceasing operations for other reasons could also be a cause for concern, suggesting potential challenges in maintaining successful franchises in the state.
Prospective franchisees should investigate the reasons behind the reacquisition and closures to assess the risks and opportunities associated with investing in a Belocal franchise in Florida. Understanding the specific circumstances that led to these changes can help franchisees make informed decisions and develop strategies to mitigate potential challenges. It is also important to note that the data from 2023 and 2025 provide additional context, showing fluctuations in outlet numbers and reacquisition rates, which should be considered when evaluating the overall health of Belocal franchises in Florida.
It is also important to note that another table reports that in 2024, Belocal reacquired 1 outlet from a franchisee in Florida. This discrepancy should be addressed with Belocal to understand the difference in the data reported.