What was the net change in the number of total Belocal outlets during 2024?
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 tables showing the systemwide outlet summary. One table shows that the net change in the number of total Belocal outlets during 2024 was an increase of 2. This is based on 4 outlets at the start of the year and 6 at the end of the year.
However, another table shows that the net change in the number of total Belocal outlets during 2024 was a decrease of 14. This is based on 157 outlets at the start of the year and 143 at the end of the year.
Because the FDD contains conflicting information, a prospective franchisee should seek clarification from Belocal regarding the correct number of outlets and the changes that occurred during 2024. Understanding the true growth or contraction of the franchise system is crucial for making an informed investment decision.