How many Ledgers outlets in Connecticut were reacquired by the franchisor in 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 outlet in Connecticut was reacquired by Ledgers in 2023. The table provided in Item 20 of the FDD details outlet information by state and year, including reacquired outlets. At the start of 2023, there was one Ledgers outlet in Connecticut. During 2023, Ledgers reacquired one outlet, resulting in zero outlets at the end of the year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of existing Ledgers franchises. A reacquired franchise could indicate underperformance, franchisee disputes, or strategic decisions by Ledgers. It is important to note that while one outlet was reacquired, no outlets were opened, terminated, or non-renewed in Connecticut during 2023.
Prospective franchisees should investigate the reasons behind the reacquisition to understand any potential risks or challenges associated with operating a Ledgers franchise in Connecticut. Understanding the circumstances surrounding the reacquisition can help a potential franchisee assess the level of support provided by Ledgers and the potential for success in that market. This data, combined with other due diligence, can inform a more confident investment decision.
It is also worth noting that the FDD includes additional tables related to franchise outlets, such as transfers, company-owned outlets, and projected openings. Reviewing these tables can provide a more comprehensive understanding of the Ledgers franchise system and its performance over time. Specifically, Table No. 5 details projected openings as of December 31, 2024, and indicates that one new franchised outlet is projected for Connecticut.