How many Ledgers outlets in Maryland had non-renewals in 2024?
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 were no non-renewals of Ledgers franchises in Maryland during 2024. The provided table in Item 20 specifically lists the number of non-renewals for each state over the past three years.
In 2022, there was one Ledgers outlet in Maryland, which remained open. In 2023, that outlet ceased operations for other reasons. By 2024, there were no outlets at the start of the year, and therefore no opportunities for non-renewal.
This information is crucial for potential franchisees as it provides insight into the stability and performance of existing Ledgers franchises. A high number of non-renewals could indicate issues with the franchise system, while a low number, as is the case here, suggests that franchisees are generally satisfied with their investment, though the single outlet ceasing operations for other reasons in 2023 could warrant further investigation.