How many company-owned Ledgers outlets were operating at the start of 2024?
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, there were zero company-owned outlets operating at the start of 2024. This information is detailed in Table No. 1, which provides a system-wide outlet summary.
The table specifically lists the number of company-owned outlets at the start of 2024 as zero. It also shows that the number of company-owned outlets remained at zero throughout 2022, 2023 and 2024.
For a prospective franchisee, this indicates that Ledgers primarily focuses on a franchise model rather than operating company-owned locations. This could mean that the franchisor's expertise and support are geared more towards franchisee success than managing their own outlets. It is important to note that the franchisor may have limited experience operating outlets themselves.