How many Ledgers outlets in Connecticut were operating at the end of 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' 2025 Franchise Disclosure Document, there were zero Ledgers outlets operating in Connecticut at the end of 2023. The provided table regarding systemwide outlet summary for the years 2022 to 2024 indicates that while there was one outlet operating in Connecticut at the start of 2023, it was reacquired by the franchisor during that year, resulting in zero outlets by year's end.
This information is crucial for potential franchisees in Connecticut as it reflects the brand's current presence (or lack thereof) in the state. A franchisee would essentially be starting from scratch in the territory. This could present both opportunities and challenges, such as the ability to establish the brand in the area but also the need to overcome initial market awareness hurdles.
It is also worth noting that while there were no operating outlets in Connecticut at the end of 2023, Ledgers projects opening one new franchised outlet in Connecticut in the next fiscal year, as of December 31, 2024. This suggests that Ledgers is looking to expand its presence in Connecticut and that a prospective franchisee could be part of this growth.