How many Ledgers outlets in Maryland were operating at the end of 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' 2025 Franchise Disclosure Document, there were no Ledgers outlets operating in Maryland at the end of 2024. The provided table in Item 20 shows the number of outlets in each state for the years 2022, 2023, and 2024.
Specifically, the table indicates that Ledgers had one outlet in Maryland at the start of 2022, which remained open throughout that year. In 2023, that single outlet ceased operations for other reasons, leaving zero outlets at the end of 2023. There were no outlets opened, terminated, non-renewed, reacquired, or ceased operations in 2024, so the number of outlets remained at zero at the end of 2024.
This information is crucial for prospective franchisees as it provides insight into the brand's presence and performance in specific geographic areas. The absence of operating outlets in Maryland by the end of 2024 could indicate market challenges or strategic decisions by Ledgers. A potential franchisee should investigate the reasons behind the closure of the previous outlet and the company's future plans for the Maryland market.