How many Ledgers outlets were operating in Texas 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' 2025 Franchise Disclosure Document, there were two Ledgers outlets operating in Texas at the start of 2022. The document provides a detailed breakdown of outlet activity by state, including the number of outlets at the beginning and end of each year, as well as changes due to openings, closures, and other factors. This level of detail can help prospective franchisees understand the dynamics of the Ledgers franchise network in specific geographic areas.
For a potential Ledgers franchisee in Texas, this information offers insights into the existing market presence and historical performance of the franchise in the state. The table shows that during 2022, one outlet in Texas was terminated, resulting in only one outlet remaining by the end of the year. By 2023, the number of outlets further decreased to zero due to another outlet ceasing operations. This trend might warrant further investigation to understand the reasons behind these closures and the overall viability of operating a Ledgers franchise in Texas.
It is important to note that while the FDD provides historical data, it does not guarantee future performance. Prospective franchisees should conduct their own due diligence, including market research and discussions with current and former franchisees, to assess the potential risks and opportunities associated with investing in a Ledgers franchise in Texas. Understanding the factors that contributed to past closures can help in making informed decisions and developing strategies to mitigate potential challenges.
Overall, the data presented in Item 20 of the Ledgers FDD offers valuable information for prospective franchisees. By carefully analyzing the trends and patterns in outlet activity, potential investors can gain a better understanding of the franchise's performance and make more informed decisions about their investment.