How many Ledgers outlets in Florida were operating at the start of 2023?
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 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | |
| 2024 | 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 Florida at the start of 2023. This information is based on the table summarizing outlet information by state. The table provides a year-by-year breakdown of the number of outlets at the start and end of each year, as well as changes that occurred during the year.
For a prospective franchisee, this indicates the existing footprint of Ledgers in Florida. While one outlet may not seem like much, it does represent an established presence. A potential franchisee might want to investigate the performance of this existing outlet to gauge the market's potential and understand the brand's acceptance in the area.
It is important to note that the table also shows that this single Ledgers location in Florida remained open throughout 2023, as the number of outlets at the end of 2023 was also one. This suggests stability, but further investigation into the outlet's financial performance and customer base would be beneficial for anyone considering opening a Ledgers franchise in Florida.