How many Ledgers outlets closed in Connecticut during 2023?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 42–45)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, one Ledgers outlet in Connecticut closed in 2023. The FDD provides a table outlining the status of franchise outlets from 2022 to 2024. In 2023, one outlet was reacquired by the franchisor, leading to a closure. This means that the franchisee either sold the business back to Ledgers or Ledgers took control of the outlet for other reasons.
It is important to note that while no new Ledgers outlets opened in Connecticut during 2023, there was one outlet operating at the start of the year. The closure resulted in zero outlets operating in Connecticut by the end of 2023.
Prospective franchisees should investigate the reasons for this closure to understand any potential challenges or market conditions in Connecticut. Understanding why the outlet was reacquired can provide valuable insights into the stability and performance of Ledgers franchises in that state.