How many Ledgers outlets were operating in Michigan at the end 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's 2025 Franchise Disclosure Document, there were no Ledgers outlets operating in Michigan at the end of 2024. The provided table tracks the number of outlets in each state over the past three years.
In 2022, Ledgers had one outlet in Michigan. However, in 2023, that outlet ceased operations for other reasons. There were no outlets opened in 2024, so the number of Ledgers locations in Michigan remained at zero.
Prospective franchisees should note this information when considering opening a Ledgers franchise in Michigan. It may be beneficial to inquire with Ledgers about why the previous outlet closed and what strategies can be implemented to ensure success in the Michigan market.