How many Ledgers outlets in Maryland were operating at the start 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's 2025 Franchise Disclosure Document, there was one Ledgers outlet operating in Maryland at the start of 2022. The FDD provides a detailed table outlining 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. This information is broken down by state, offering a clear view of Ledgers's presence and activity in different regions.
For a prospective franchisee, this level of detail is valuable for assessing the stability and growth of the Ledgers franchise system in specific markets. The data allows potential franchisees to see whether Ledgers is expanding, contracting, or maintaining a steady presence in their target state. It also highlights any turnover in franchise locations, which could indicate challenges or opportunities within those markets.
Specifically, the information that there was one outlet in Maryland at the beginning of 2022, which remained open throughout the year, suggests a stable initial presence. However, the subsequent closure of that outlet in 2023, as indicated in the table, could raise questions about the factors contributing to that closure and whether similar challenges might affect a new franchise in the same area. Reviewing this data in conjunction with other sections of the FDD, such as franchisee contact information in Exhibit E-1 and termination details in Exhibit E-2, would provide a more comprehensive understanding of the Maryland market dynamics.