How many Ledgers outlets in Maryland were reacquired by the franchisor in 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 were zero Ledgers outlets in Maryland that were reacquired by the franchisor during 2023. The provided table in Item 20 outlines outlet information by state and year, including reacquired outlets.
Specifically, for Maryland in 2023, the table indicates that while there was one outlet at the start of the year, zero outlets were reacquired by Ledgers. However, one outlet in Maryland ceased operations for other reasons during 2023, resulting in zero outlets at the end of the year.
This information is crucial for potential franchisees as it provides insight into the stability and changes within the Ledgers franchise system. Reacquisitions can sometimes indicate underperforming locations or strategic shifts by the franchisor, while closures may point to challenges in specific markets. Reviewing these trends over multiple years, as presented in the table, can offer a more comprehensive understanding of the franchise's performance and potential risks.