How many Ledgers outlets in New Jersey 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 were no Ledgers outlets operating in New Jersey at the start of 2022. The provided table in Item 20, which details the status of franchise outlets, indicates that the number of outlets at the start of 2022 in New Jersey was zero.
This information is crucial for prospective franchisees as it provides a historical view of Ledgers's presence in New Jersey. The absence of any outlets at the beginning of 2022, followed by the opening of three outlets in 2023, indicates a recent expansion into the state. However, by 2024, all three of those locations had ceased operations.
Potential franchisees should further investigate the reasons behind the openings and subsequent closures to understand the market dynamics and challenges in New Jersey. Understanding why those three Ledgers locations closed shortly after opening could inform a franchisee's decision-making process and business strategy if they are considering opening a Ledgers franchise in New Jersey.