How many Ledgers outlets were operating in Maryland 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 Maryland at the start of 2022. The FDD provides a table that breaks down the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and outlets at the end of the year for each state.
For Maryland specifically, the table shows that at the beginning of 2022, there was one outlet. During 2022, no additional outlets were opened, and there were no terminations, non-renewals or re acquisitions by Ledgers. No outlets ceased operations for other reasons during that year. Consequently, the number of Ledgers outlets in Maryland remained at one at the end of 2022.
This information is valuable for prospective franchisees as it provides a historical overview of Ledgers's presence and stability in specific states. The presence of an existing outlet could indicate market potential or brand recognition in the area. However, the fact that the Maryland outlet ceased operations in 2023 could also signal potential challenges or market saturation that a prospective franchisee should investigate further.