How many Ledgers outlets in Texas were terminated in 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, one Ledgers outlet in Texas was terminated in 2022. The table provided in Item 20 of the FDD details the number of terminations, non-renewals, and other changes in outlet status across different states.
Specifically, for Texas in 2022, the table shows that there were two outlets at the start of the year, and one termination occurred. This resulted in one outlet at the end of the year.
This information is crucial for prospective franchisees as it provides insight into the stability and performance of existing Ledgers franchises in specific regions. A high number of terminations could indicate potential challenges or risks associated with operating a franchise in that area.