How many Belocal outlets were operating in New Mexico at the end of 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 |
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 2 Belocal outlets operating in New Mexico at the end of 2024. This number reflects changes from 2023, where there were 2 outlets at the start of the year, 1 outlet opened, and 1 ceased operations for other reasons.
It is important to note the activity of outlets, including openings and closures, to understand the market dynamics in New Mexico. A prospective franchisee should investigate the reasons behind the outlet that ceased operations to better understand the local market conditions and potential challenges.
Monitoring the number of outlets and their operational status can help potential franchisees assess the stability and growth potential of the Belocal franchise in New Mexico. This information is valuable for making informed decisions about investing in a franchise within this specific market.