How many Ledgers franchise outlets were transferred to new owners in 2022?

According to Ledgers's 2025 Franchise Disclosure Document, there were zero franchise outlets transferred to new owners in 2022. The provided table, titled "Transfers of Outlets From Franchisees to New Owners (Other than Franchisor) For Fiscal Years 2022 to 2024," indicates that the "Number of Transfers" in 2022 was 0. This suggests that during this period, no existing Ledgers franchises were sold by their current owners to new, independent franchisees.

This information is relevant for prospective franchisees as it can provide insights into the stability and desirability of existing Ledgers franchise locations. A high number of transfers might indicate that franchisees are struggling or looking to exit the business, whereas a low number, as in this case, could suggest that franchisees are generally satisfied with their investment and operations.

It is important to note that this table specifically refers to transfers to new owners other than the franchisor. The FDD also includes a table on the status of company-owned outlets, but this is separate from franchisee-to-franchisee transfers. A prospective franchisee might want to further investigate the reasons behind the lack of transfers and the overall financial health and satisfaction of current Ledgers franchisees to gain a more comprehensive understanding of the franchise system.