How many Learningrx centers were operating in New Jersey at the end of 2024?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
| 0 | | 2024 | 0 | | | 2022 | 2 | | | Tennessee | 2023 | 0 | | 2024 | 0 | | | 2022 | 0 | | | Texas | 2023 | 0 | | 2024 | 1 | | | 2022 | 3 | | | Totals | 2023 | 0 |
| State | Year | Outlets at Start of the Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations- Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| 2022 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | |
| Colorado | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2024 | 2 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 48–53)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, at the end of 2024, there was 1 Learningrx center operating in New Jersey. The table provided in Item 20 outlines the changes in outlet numbers over the past three years. In 2022 and 2023, there were 3 and 2 centers open respectively, with a net decrease of 1 center in 2023 due to one center ceasing operations for other reasons.
The data shows that in 2024, there were 2 Learningrx centers at the start of the year. Throughout 2024, no new centers opened, and there were no terminations, non-renewals, or re acquisitions by the franchisor. However, one center ceased operations for other reasons, resulting in a total of 1 center operating in New Jersey at the end of 2024.
For a prospective franchisee, this information indicates a recent reduction in the number of Learningrx centers in New Jersey. It would be prudent to investigate the reasons behind the center that ceased operations in 2024 to understand any potential challenges or market conditions affecting Learningrx businesses in that state. Further due diligence, including speaking with current and former franchisees, is advisable to assess the viability of opening a Learningrx center in New Jersey.