How many Ledgers outlets in Connecticut were terminated in 2024?
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 no terminations of Ledgers outlets in Connecticut during 2024. The provided table in Item 20 specifically lists terminations, non-renewals, reacquisitions, and other reasons for ceased operations.
Specifically, the table shows that in 2022, there was 1 outlet at the start of the year, no outlets opened, and no terminations, resulting in 1 outlet at the end of the year. In 2023, there was 1 outlet at the start of the year, no outlets opened, no terminations, and 1 outlet was reacquired by the franchisor, resulting in zero outlets at the end of the year. Finally, in 2024, there were zero outlets at the start of the year, no outlets opened, and no terminations, resulting in zero outlets at the end of the year.
This data indicates that while there were no terminations, one outlet was reacquired by Ledgers in 2023. A prospective franchisee should investigate the reasons for the reacquisition of the outlet to better understand the stability and performance of franchises in Connecticut. Understanding why an outlet was reacquired, even if it wasn't a termination, can provide valuable insights into potential challenges and opportunities in that market.