How many company-owned Ledgers outlets were operating at the start 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' 2025 Franchise Disclosure Document, at the start of 2023, there were zero company-owned outlets. The table provided in Item 20 outlines the number of franchised and company-owned outlets from 2022 to 2024.
For a prospective franchisee, this indicates that Ledgers primarily focuses on a franchise business model rather than operating company-owned locations. This could mean that the franchisor's expertise and support are geared more towards assisting franchisees in running their businesses.
The absence of company-owned stores might also suggest that Ledgers has limited direct experience in operating outlets, which could impact the type of support and training they provide. It's important for potential franchisees to understand how this business model affects the franchisor's approach to franchisee support and system development. Franchisees may want to inquire about the reasons behind this choice and how Ledgers ensures quality control and brand consistency across all franchised locations without having company-owned benchmarks.