How many company-owned Ledgers outlets were operating at the start of 2022?
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 start of 2022, there were zero company-owned Ledgers outlets. The table provided in Item 20, titled "Systemwide Outlet Summary For Years 2022 to 2024", breaks down the number of franchised outlets, company-owned outlets, and total outlets.
Specifically, the table shows that for the 'Company Owned' category in 2022, the 'Outlets at the Start of Year' were 0. This indicates that Ledgers did not operate any company-owned outlets at the beginning of that year.
This information is useful for potential franchisees as it provides insight into Ledgers's business model. The fact that Ledgers had no company-owned stores at the beginning of 2022 suggests a strong focus on franchising rather than direct operation of outlets. A prospective franchisee might want to inquire about the reasons behind this strategy and whether Ledgers plans to open company-owned stores in the future, as this could impact the support and competition franchisees might experience.