How many franchised 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, there were 7 franchised outlets operating at the start of 2022. This number is part of a broader table summarizing outlet data from 2022 to 2024. The table also shows that Ledgers had 8 franchised outlets at the end of 2022, indicating a net increase of 1 during that year.
For a prospective franchisee, this information provides a snapshot of the franchise's recent growth and stability. While a single year's data offers limited insight, the table's inclusion of subsequent years allows for a trend analysis. In this case, the number of franchised Ledgers locations decreased in the years following 2022.
It's important to note that this data only reflects the number of outlets and does not provide details on the financial performance or reasons for outlet closures. A prospective franchisee should investigate further to understand the factors contributing to these changes and assess the overall health of the Ledgers franchise system. Reviewing Item 19 in the FDD, which discloses financial performance representations, and speaking with current and former franchisees can provide a more complete picture.