How many Ledgers outlets in Florida had non-renewals in 2022?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
ranchisor) For Fiscal Years 2022 to 2024**
| State | Year | Number of Transfers | |---|---|---| | Total | 2022 | 0 | | | 2023 | 0 | | | 2024 | 0 | Table No. 3 Status of Franchise Outlets For Years 2022 to 2024
| 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 |
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 non-renewals of Ledgers franchises in Florida during 2022. The provided table regarding outlet information shows that in 2022, Florida had one outlet at the start of the year and one at the end of the year, with zero terminations, non-renewals, re acquisitions by the franchisor, or ceased operations for other reasons. This suggests that the existing franchise agreement in Florida was continued without any changes during that year.
For a prospective franchisee, this indicates stability within the Florida market during 2022. It suggests that franchisees who entered into agreements with Ledgers in Florida maintained their business throughout the year. However, it is important to note that this is just one year of data, and further investigation into the performance and satisfaction of franchisees in Florida over a longer period would provide a more comprehensive understanding.
While the absence of non-renewals in 2022 is a positive sign, prospective franchisees should still conduct thorough due diligence. This includes speaking with current and former Ledgers franchisees in Florida to understand their experiences, challenges, and overall satisfaction with the franchise system. Additionally, reviewing the reasons for non-renewals or terminations in other states, as listed in the FDD, can provide valuable insights into potential risks and challenges associated with the Ledgers franchise.