What was the net change in the number of franchised Belocal outlets during 2024?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 59–70)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, the net change in the number of franchised outlets in 2024 was -21, indicating a decrease of 21 franchised locations. This means that Belocal had 154 franchised outlets at the start of 2024 and ended the year with 133 franchised outlets.
The decrease in franchised outlets could be due to several factors, such as closures, terminations, or non-renewals of franchise agreements. For a prospective franchisee, this information is crucial as it provides insight into the stability and growth of the Belocal franchise system. A declining number of franchised outlets may signal potential challenges or issues within the franchise network.
It is important for potential franchisees to investigate the reasons behind the net decrease in franchised outlets. Understanding whether the closures were concentrated in specific regions or due to particular operational challenges can help a franchisee assess the risks and opportunities associated with investing in a Belocal franchise. Further research and discussions with existing franchisees are advisable to gain a comprehensive understanding of the franchise's performance and outlook.