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What was the total number of Belocal franchised outlets at the end of 2025?

Belocal Franchise · 2025 FDD

Answer from 2025 FDD Document

5

| 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. 2 Transfers of Outlets from Franchisees to New Owners (other than the Franchisor) For Years 2023 to 2025

| State | Year | Number of Transfers | |---|---|---| | Arizona | 2023 | 2 | | | 2024 | 0 | | | 2025 | 0 | | California | 2023 | 0 | | | 2024 | 0 | | | 2025 | 1 | | Florida | 2023 | 0 | | | 2024 | 1 | | | 2025 | 1 | | Idaho | 2023 | 1 | | | 2024 | 0 | | | 2025 | 0 | | Illinois | 2023 | 1 | | | 2024 | 0 | | | 2025 | 0 | | Nebraska | 2023 | 0 | | | 2024 | 0 | | | 2025 | 1 | | New Hampshire | 2023 | 0 | | | 2024 | 1 | | | 2025 | 1 | | North Carolina | 2023 | 0 | | | 2024 | 1 | | | 2025 | 1 | | Tennessee | 2023 | 0 | | | 2024 | 0 | | | 2025 | 1 | | Washington | 2023 | 0 | | | 2024 | 1 | | | 2025 | 0 | | Totals | 2023 | 4 | | | 2024 | 4 | | | 2025 | 6 | [Remainder of Page Intentionally Left Blank]

Table No. 3 Status of Franchised Outlets For Years 2023 to 2025

| 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 | 2 | 8 | | | 2024 | 8 | 1 | 0 | 0 | 0 | 1 | 8 | | | 2025 | 8 | 2 | 0 | 0 | 0 | 2 | 8 | | Arkansas | 2023 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | | 2025 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | California | 2023 | 8 | 10 | 0 | 0 | 0 | 5 | 13 | | | 2024 | 13 | 6 | 1 | 0 | 0 | 10 | 8 | | | 2025 | 8 | 7 | 0 | 0 | 0 | 7 | 8 | | Colorado | 2023 | 8 | 0 | 0 | 0 | 0 | 2 | 6 | | | 2024 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | | | 2025 | 7 | 4 | 0 | 0 | 0 | 2 | 9 | | Connecticut | 2023 | 3 | 0 | 0 | 0 | 0 | 1 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2025 | 2 | 1 | 0 | 0 | 0 | 2 | 1 | | District of | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Columbia | | | | | | | | | | | 2024 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | | | 2025 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | Florida | 2023 | 15 | 5 | 0 | 0 | 0 | 4 | 16 | | | 2024 | 16 | 8 | 0 | 0 | 1 | 10 | 13 | | | 2025 | 13 | 9 | 0 | 0 | 0 | 12 | 10 | | Georgia | 2023 | 6 | 0 | 0 | 0 | 0 | 2 | 4 | | | 2024 | 4 | 3 | 0 | 0 | 0 | 2 | 5 | | | 2025 | 5 | 5 | 0 | 0 | 0 | 3 | 7 | | Idaho | 2023 | 2 | 1 | 0 | 0 | 0 | 1 | 2 | | | 2024 | 2 | 2 | 0 | 0 | 1 | 3 | 0 | | | 2025 | 0 | 2 | 0 | 0 | 0 | 2 | 0 | | Illinois | 2023 | 11 | 1 | 0 | 0 | 0 | 3 | 9 | | | 2024 | 9 | 0 | 0 | 0 | 0 | 1 | 8 | | | 2025 | 8 | 3 | 0 | 0 | 1 | 3 | 7 | | Indiana | 2023 | 2 | 1 | 0 | 0 | 0 | 0 | 3 |

| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations - Other Reasons | Outlets at End of Year | |---|---|---|---|---|---|---|---|---| | | 2024 | 3 | 1 | 0 | 0 | 0 | 1 | 3 | | | 2025 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | | Iowa | 2023 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2025 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | | Kansas | 2023 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | | | 2024 | 1 | 1 | 0 | 0 | 1 | 0 | 1 | | | 2025 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | | Kentucky | 2023 | 1 | 2 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 1 | 0 | 0 | 2 | 0 | 2 | | | 2025 | 2 | 2 | 0 | 0 | 0 | 2 | 2 | | Louisiana | 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 1 | 0 | 0 | 0 | 2 | 0 | | | 2025 | 0 | 2 | 0 | 0 | 0 | 1 | 1 | | Maine | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2025 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | Maryland | 2023 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 0 | 0 | 0 | 1 | 0 | 2 | | | 2025 | 2 | 1 | 1 | 0 | 0 | 0 | 2 | | Massachusetts | 2023 | 4 | 2 | 0 | 0 | 0 | 2 | 4 | | | 2024 | 4 | 2 | 0 | 0 | 0 | 0 | 6 | | | 2025 | 6 | 4 | 0 | 0 | 1 | 4 | 5 | | Michigan | 2023 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2025 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | Minnesota | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2025 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | | Mississippi | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2025 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | | Missouri | 2023 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2025 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Montana | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |

State Year Outlets at Start of Year Outlets Opened Terminations Non- Renewals Reacquired by Franchisor Ceased Operations - Other Reasons Outlets at End of Year
2024 1 0 0 0 0 0 1
2025 1 0 0 0 0 0 1
Nebraska 2023 4 0 0 0 0 2 2
2024 2 0 0 0 0 1 1
2025 1 1 0 0 0 1 1
Nevada 2023 0 1 0 0 0 0 1
2024 1 0 0 0 0 1 0
2025 0 1 0 0 0 0 1
New 2023 0 3 0 0 0 0 3
Hampshire

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 that provide information on the number of franchised outlets. One table indicates that there were 13 franchised outlets at the end of 2025. Another table indicates that there were 135 franchised outlets at the end of 2025. It is important to note that Belocal's fiscal year ends on June 30th.

These discrepancies highlight the importance of carefully reviewing all sections of the FDD and asking Belocal for clarification on any inconsistencies. A prospective franchisee should seek to understand how Belocal defines and categorizes its outlets to reconcile these figures. Understanding the growth and changes in the franchise network is crucial for making an informed investment decision.

It is also important to note that the FDD lists the names, business addresses, and business telephone numbers of each current franchisee as of June 30, 2025, in Exhibit C. This exhibit can provide valuable insights into the experiences and perspectives of existing franchisees, which can further inform a prospective franchisee's decision-making process.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.