What was the net change in the number of franchised Belocal outlets during 2023?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change | |---|---|---|---|---| | Franchised | 2023 | 139 | 154 | +15 | | | 2024 | 154 | 133 | -21 | | | 2025 | 133 | 135 | +2 | | Company-Owned | 2023 | 1 | 3 | +2 | | | 2024 | 3 | 10 | +7 | | | 2025 | 10 | 13 | +3 | | Total Outlets | 2023 | 140 | 157 | +17 | | | 2024 | 157 | 143 | -14 | | | 2025 | 143 | 148 | +5 | Notes: All numbers are as of our fiscal year end, which is June 30.
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Table No.
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 are two different tables that provide conflicting information regarding the net change in the number of franchised outlets during 2023. One table indicates a net increase of 15 franchised outlets, while the other indicates a net decrease of 5 franchised outlets.
Specifically, one table shows that Belocal started 2023 with 139 franchised outlets and ended the year with 154, resulting in a net change of +15. The other table shows that Belocal started 2023 with 9 franchised outlets and ended the year with 4, resulting in a net change of -5.
Given the discrepancy between these two tables, a prospective franchisee should seek clarification from Belocal regarding the correct number of franchised outlets and the reasons for the differing data. Understanding the accurate growth or decline in franchised outlets is crucial for assessing the overall health and stability of the Belocal franchise system.