How many Belocal outlets were operating in Connecticut at the start of 2023?
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 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 59–70)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, there were 3 Belocal outlets operating in Connecticut at the start of 2023. This information is based on the provided table that details outlet information by state and year. The table includes the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
For a prospective franchisee, this indicates the existing market presence of Belocal in Connecticut at that time. It's important to note that while there were 3 outlets at the beginning of 2023, one ceased operations for other reasons during the year, resulting in 2 outlets at the end of 2023. This could be an important factor to consider when evaluating the market and potential for success in Connecticut.
Understanding the historical performance of Belocal outlets in a specific state can provide valuable insights. Factors such as terminations or closures can signal potential challenges within the market. However, it is also important to consider the number of new outlets opened, which can indicate growth and investment in the area. A prospective franchisee should investigate the reasons behind any closures to better assess the stability and potential of the market.
Overall, the data suggests that Belocal had a small presence in Connecticut at the beginning of 2023, and it would be beneficial for a potential franchisee to further research the reasons behind the outlet closure during that year to gain a more comprehensive understanding of the market dynamics.