How many Ledgers outlets ceased operations for other reasons in Maryland during 2023?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
ranchisor) For Fiscal Years 2022 to 2024**
| State | Year | Number of Transfers | |---|---|---| | Total | 2022 | 0 | | | 2023 | 0 | | | 2024 | 0 | Table No. 3 Status of Franchise Outlets For Years 2022 to 2024
| State | Year | Outlets at Start of Year | Outlets Opened | Ter minatio ns | Non Renew als | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| Connecticut | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 42–45)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, one Ledgers outlet in Maryland ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor during 2023. This is based on the provided table summarizing outlet data by state and year.
This information is important for prospective franchisees as it provides insight into the stability and potential risks associated with operating a Ledgers franchise in Maryland. Understanding the reasons behind outlet closures can help franchisees assess the factors that may impact their own business.
It's worth noting that 'ceased operations for other reasons' can encompass a variety of circumstances, such as voluntary closure due to poor performance, relocation, or other unforeseen issues. Further investigation into the specific reasons for these closures may be beneficial for prospective franchisees to gain a more comprehensive understanding of the challenges and opportunities in the Maryland market.