How many franchised Ledgers outlets were operating at the end 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's 2025 Franchise Disclosure Document, there were 2 franchised outlets operating at the end of 2024. This is based on the 'Systemwide Outlet Summary' table which provides a year-by-year breakdown of franchised outlet counts. The table shows a decrease in franchised outlets from 4 at the start of 2024 to 2 by the end of the year, indicating a net change of -2.
This information is crucial for potential franchisees as it provides insight into the recent performance and stability of the Ledgers franchise system. A decrease in the number of franchised outlets could signal potential challenges within the system, such as franchisees leaving the system or failing to renew their agreements. It is important to note that while the overall number of franchised locations decreased, one new location did open in Virginia during 2024.
Prospective franchisees should investigate the reasons behind the net decrease in franchised outlets. Understanding whether these closures were due to terminations, non-renewals, or other factors can provide a clearer picture of the health and attractiveness of a Ledgers franchise. Further research into franchisee satisfaction and support provided by Ledgers could also be beneficial in assessing the overall opportunity.