How many Ledgers outlets in Michigan 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 Michigan at the start of 2022. The FDD provides a table that details the number of outlets at the start of each year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year for various states.
For a prospective franchisee, this information is useful in understanding the historical growth and stability of the Ledgers franchise system in specific geographic areas. Seeing that Michigan had one outlet at the start of 2022 indicates some established presence in the state at that time. However, the table also shows that by the end of 2024, there were no outlets operating in Michigan.
This trend may warrant further investigation by a potential franchisee. Understanding why the number of outlets decreased to zero is crucial. Possible reasons could include unsuccessful franchise operations, lack of market demand, or strategic decisions by Ledgers. It would be prudent to discuss these factors with the franchisor to assess the risks and opportunities associated with investing in a Ledgers franchise, particularly in Michigan or similar markets.