How many Ledgers outlets in New Jersey ceased operations for other reasons in 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, in 2024, 3 Ledgers outlets in New Jersey ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor. At the start of 2024, there were 3 Ledgers outlets in New Jersey, and by the end of the year, there were none.
This information is crucial for potential franchisees as it indicates the stability and potential risks associated with operating a Ledgers franchise in New Jersey. A high number of closures for 'other reasons' might suggest underlying issues with the market, support, or business model in that specific region.
Prospective franchisees should investigate the reasons behind these closures to better understand the challenges and opportunities in the New Jersey market. Understanding why these Ledgers locations closed can help a franchisee make an informed decision about investing in a Ledgers franchise.