How many Ledgers outlets in New Jersey were operating at the start of 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, there were three Ledgers outlets operating in New Jersey at the start of 2024.
This information is crucial for prospective franchisees as it provides a snapshot of Ledgers' presence and operational history in New Jersey. Knowing the number of outlets at the beginning of the year helps in understanding the market penetration and brand recognition in that specific state.
Furthermore, the table also shows that while three Ledgers outlets opened in 2023, all three ceased operations in 2024, resulting in zero outlets by the end of 2024. This trend could indicate challenges or market-specific issues in New Jersey that potential franchisees should investigate further before investing in a Ledgers franchise in that state.