How many Ledgers outlets were reacquired from franchisees in Connecticut during 2023?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | 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, one outlet in Connecticut was reacquired from a franchisee during 2023. The table provided in Item 20 outlines the changes in outlet status over the past three years. At the start of 2023, there was one Ledgers outlet operating in Connecticut.
The table shows that in 2023, Ledgers reacquired one franchise, and no new franchises were opened. This reacquisition, coupled with one outlet closure, resulted in Connecticut having zero outlets by the end of 2023.
This information is crucial for potential franchisees as it provides insight into the stability and performance of existing Ledgers franchises. A high number of reacquired or closed outlets could indicate underlying issues within the franchise system, while a stable or growing number of outlets might suggest a healthier franchise network.