How many Belocal outlets were reacquired from franchisees in Florida during 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, in 2024, Belocal reacquired 1 outlet in Florida from a franchisee. This is based on the table summarizing outlet information by state. The table provides a year-by-year breakdown of outlet activity.
This information is relevant for prospective franchisees as it shows the stability and changes within the Belocal franchise system. Reacquisitions can occur for various reasons, such as the franchisee's failure to meet performance standards, a mutual agreement to terminate the franchise, or the franchisee's decision to sell the business back to Belocal.
Understanding the reasons behind outlet reacquisitions, closures, and other changes can help a potential franchisee assess the risks and opportunities associated with investing in a Belocal franchise. It's important to note that while one store was reacquired, 8 new Belocal outlets opened in Florida during 2024, while 10 ceased operations for other reasons, resulting in 13 outlets at the end of the year.