How many Ledgers outlets in Maryland were operating at the end of 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 | 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' 2025 Franchise Disclosure Document, there was one Ledgers outlet operating in Maryland at the end of 2022. The provided table in Item 20 details the number of outlets at the start and end of each year, as well as any changes that occurred during the year, such as openings, terminations, or re acquisitions by the franchisor.
For a prospective franchisee, this information is useful for understanding the historical performance and stability of Ledgers franchises in specific states. Seeing that Maryland had one outlet at the beginning of 2022, no new outlets opened, and no outlets closed, resulting in one outlet at the end of the year, indicates a stable presence during that period. However, it's important to note that the same table shows the Maryland outlet ceased operations for other reasons in 2023, leaving zero outlets by the end of that year.
This data highlights the importance of further investigation into the reasons behind outlet closures and the overall health of franchises in specific regions. A potential franchisee should inquire about the factors that led to the closure of the Maryland outlet in 2023 to better assess the risks and opportunities associated with investing in a Ledgers franchise in that area or similar markets.