How many company-owned Ledgers outlets were operating at the end of 2023?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of Year | Outlets at the End of Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 7 | 8 | 1 |
| 2023 | 8 | 4 | -4 | |
| 2024 | 4 | 2 | -2 | |
| Company | 2022 | 0 | 0 | 0 |
| Owned | 2023 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | |
| Total Outlets | 2022 | 7 | 8 | +1 |
| 2023 | 8 | 4 | -4 | |
| 2024 | 4 | 2 | -2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 42–45)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, at the end of 2023, there were zero company-owned outlets. The provided table, "Table No. 1 Systemwide Outlet Summary For Years 2022 to 2024", details the number of franchised and company-owned Ledgers outlets.
Specifically, for the year 2023, the table indicates that Ledgers had zero company-owned outlets at the start of the year and zero at the end of the year. This means there was no net change in the number of company-owned Ledgers outlets during 2023.
This information is valuable for potential franchisees as it provides insight into Ledgers's business model. The fact that Ledgers does not operate company-owned outlets suggests that their revenue is primarily derived from franchising fees and royalties rather than direct sales from company-operated locations. A prospective franchisee might want to inquire about the strategic reasons behind this choice and how Ledgers supports its franchisees in lieu of operating its own outlets.