How many Ledgers outlets opened in New Jersey during 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 3 Ledgers outlets opened in New Jersey during 2023. At the start of 2023, there were no Ledgers outlets in New Jersey. By the end of 2023, there were 3 Ledgers outlets in the state.
This information is valuable for prospective franchisees as it provides insight into the recent growth and activity of Ledgers in New Jersey. Observing the number of new outlets opened can indicate the brand's expansion rate and market penetration within the state. It can also reflect the potential demand for Ledgers's services in that region.
However, it's important to note that while 3 outlets opened in New Jersey during 2023, 3 ceased operations in 2024, bringing the total back to zero. This could indicate challenges in maintaining successful franchise operations in the state. Prospective franchisees should investigate further to understand the reasons behind these closures and assess the overall stability and support provided by Ledgers in the New Jersey market.