How many Learningrx outlets were operating in Florida 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 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 48–53)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, there was 1 Learningrx outlet operating in Florida at the end of 2024. The table provided in Item 20 outlines the changes in outlet numbers for each state over the years. Specifically, for Florida, the data shows the number of outlets at the start of 2024 was 1, with no additional outlets opening, terminating, non-renewing, being reacquired by the franchisor, or ceasing operations for other reasons during the year. Therefore, the number of Learningrx outlets in Florida remained constant at 1 by the end of 2024.
This information is crucial for potential franchisees as it provides a snapshot of Learningrx's presence and stability in Florida. A consistent number of outlets might suggest a stable market or limited growth opportunities in the state. It is important to note that this data only reflects the number of outlets and does not provide insights into their financial performance or market penetration.
Prospective franchisees should further investigate the reasons behind the lack of growth in Florida. Understanding the market dynamics, competition, and brand awareness in the state can help in assessing the potential for success. Additionally, it would be beneficial to compare this data with other states to identify potential growth markets or areas where Learningrx has a stronger presence.