How many Ledgers outlets in Connecticut were operating at the start 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's 2025 Franchise Disclosure Document, there was one Ledgers outlet operating in Connecticut at the start of 2023. The FDD provides a table outlining the status of franchise outlets from 2022 to 2024. This table includes details such as the number of outlets at the start of the year, outlets opened, terminations, non-renewals, re acquisitions by the franchisor, ceased operations for other reasons, and the number of outlets at the end of the year.
Specifically, for Connecticut in 2023, the table indicates that there was one outlet at the start of the year. No additional outlets were opened during the year, and one outlet was reacquired by Ledgers. Consequently, the number of outlets at the end of 2023 was zero.
This information is crucial for potential franchisees as it provides insight into the historical performance and changes in the number of Ledgers outlets in specific geographic areas. It is important to note that while there was one outlet at the beginning of 2023, it was reacquired by the franchisor, resulting in no operating outlets by the end of the year. This could indicate potential challenges or market dynamics in Connecticut that prospective franchisees should further investigate.
Prospective franchisees should consider this data in conjunction with other factors, such as market analysis and discussions with current and former franchisees, to gain a comprehensive understanding of the opportunities and risks associated with opening a Ledgers franchise in Connecticut.